Tower leases have become common nowadays with the need for cellular operators to expand their network coverage through erecting cell towers. With telecom giants being always on the lookout to build their cell towers, they have gone to lease land from people in the countryside who have large tracts of land. This has also been beneficial to those people since it is also a good source of income to them.
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. Some of the aspects the company leasing the property would have to consider is, the suitability of the land when it comes to erecting the cell tower, the security of the area and measures in place to mitigate any insecurity.
The rights of the cell tower operator and the owner of the land or building have to be well-explained and put down in writing on the contract. This means that the cellular operator has some rights to the property once the leasing contract is signed. The property owner should understand his rights to the property, same to the cellular operator and the areas he has to ask for permission before using it. Click for More here!
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. The cell tower rates will all depend on whether the location of the land is in an urban area, rural or suburban, the value of the land in the market currently, etc. If the location of the land is unique, the price of the Tower Leases will also go high.
Information regarding tower leasing is hard to find since the databases are either outdated or are not easily available. However, a few organizations have gone the extra mile to collect information and assemble a database over a period which has made it easier for people to acquire estimates of how much tower leases cost depending on where the land is. For more facts and information about wireless tower renting, visit https://en.wikipedia.org/wiki/Cell_site.
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 contract of the cell tower lease can be either full term which means that it will expire after a period of about twenty-five years or partial meaning that it will require renewal after every five years until the contract expires.
Though the Cell tower company has full access to the leased property or land, he cannot access the areas that are not within their area of operation without the owner consenting to it.