A cellphone tower lease is an agreement agreed upon by a telephone company and the owner of land. It is a contract to give away land by a landlord, to a particular mobile company interested in the land for a span of time. Earning income is one of the benefits the landowner gets, in exchange for the land they lease out to the mobile company. The landowner is entitled to earning ancillary income, as the contract can be that offering thousands of dollars, either monthly or annually. When determining the leasing rates, the following factors are considered.
There is a great effect location has on the cell phone tower lease. The value of the land, the average price of the nearby property altogether have an impact on the leasing rate. On the other hand, when there are nearby towers around the target land, affects the leasing rates. Mobile companies want their towers placed a distance away from the others. For this reason, the amount of coverage in your location, or its unavailability too has an impact on the rates. Different states or cities have permitting requirements or specific zoning that can add additional cost to the rates.
Specific infrastructure necessities are required for the construction of cellphone towers like water, power, roads and telephone lines. The mobile company will need to have some construction of their facility and the need for accessibility to the intended location is imperative. No negotiations and low leasing rates are witnessed in those regions which lack the necessary infrastructure.
The land in particular also can be affecting the leasing rates. Flatland with almost no barriers are the best choice of land to the mobile companies. With the presence of some obstructions like trees, the mobile companies will have to remove them, thereby incurring additional costs. Another factor that can make land more desirable is the ground elevation. Carries not only consider ground elevation, but also other desirable assets appropriate for the construction of the tower.
When one is considering to lease out their land to a mobile company, they are supposed to be advised by their lawyers who have good knowledge in the industry. A thorough evaluation is important when the landowner submit their property details to consulting bodies.
The consulting groups will help in evaluation of the details producing the maximum value of the land and getting the most appropriate contract.
Some cell phone companies can pay way less, so it is not advised to get in any agreement with them before knowing the actual value of your land.