All About Cell Tower Leasing
Cell tower leasing is a type of property contract that is done between a landowner and a telecom company of where the cell tower should be erected. 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 is a good source of income that people owning such kind of property can utilize.
Sitting on a potential tower site entails that the proprietor educates himself on matters to do with laws and regulations with regards to leasing once a buyer approaches him. 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.
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. 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 in short means that, both of you should know your rights regarding the property and the rights which have to be consented to by the owner of the land before using it.
Another key concern you should take into account before entering into a leasing contract agreement with a cell tower operator is to evaluate the land in terms of the rent it would fetch. 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 lease will also go high.
Determining tower leases is a daunting task since there is no one source of information that can provide an entire database that can give you an exact price. But, there are a number of organizations that have been able to build a database in the last few years that has all of the estimates of the prices such leases go for on the market today.
How long the lease will last, and the cellular company leasing the property is what matters most to the owner of the land or building. 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.