Information About Cell Tower Leasing
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 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 property owner’s rights should be appropriately understood and explained in the contract before it is signed. 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. 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.
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 prices these towers can go for depending on their locality for example if they are in an urban area, rural or suburban and the current market value. Sometimes, the unique location of the land in terms of zoning also makes a difference.
Information regarding tower leasing is hard to find since the databases are either outdated or are not easily available.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.
The essential bit that these property owners can bear in mind is the period the tower lease will last and the cellular company that is leasing it. 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.
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.