Tower leases have become common nowadays with the need for cellular operators to expand their network coverage through erecting cell towers. These firms are always searching for buildings that are strategically placed or even land in rural areas to erect these cell towers. This is a good source of income that people owning such kind of property can utilize.
You need to learn issues to do with the laws and regulations regarding tower leases if you own strategic property before leasing your land to some of these renowned cellular operators. Particular elements which need to be assessed prior to granting the lease are analyzing the terrain concerning its suitability for its purpose, the local ordinances governing the property and the safety measures that have been put in place.
It is both Imperative to be aware of the rights of the owner and make sure that all these are explicitly mentioned in the contract. Cell tower leases, without exception, indicate that following the signing of the contract the cell tower operator has to enjoy certain rights over the land you have leased to him. This means that the property owner should know of his right, that which is conferred to the cell tower operator and the rights which needs to be agreed upon with regards to some of the areas on the leased land.
It is a good idea for the building or landowner to evaluate it with regards to the income it might bring if it was rented instead of leased. Some of the factors that will guide you in determining the cell tower rates are whether the place is suburban, rural or urban. If the location of the land is unique, the price of the lease will also go high.
Ascertaining the cell tower leasing rates is actually very difficult because information with regards to this is not readily available. However, some organizations out there are trying to mitigate this challenge by updating these databases and also coming up with new ones that individuals with such pieces of property can go through to get an idea of how much these tower leases cost.
Upon signing the contract and terms of the lease, the length of the lease, as well as the leasing company, is what is crucial to the landowner. The lease can go for up to 20 to 25 years or installments of five years where the owner of the property can decide to renegotiate the contract he had signed before renewing it for another five years.
Even though the cell tower operator can have access the leasing site at any time, he cannot use the facilities of the buildings that are beyond where he operates before asking for permission from the owner.