When it comes to placing cell phone towers on privately-owned property, many people are under the impression that it is a simple process. However, before one can be constructed and activated, there are many legal implications that have to be taken into consideration. One of the main aspects that need to be handled by a professional cell tower management company is the leases that are drawn up between the landlord and the cellular provider.
What Needs to be Covered in a Cell Tower Lease Agreement
Before signing on the dotted line of a legal agreement, it is important to ensure that aspects such as rental terms, annual escalation figures and subleasing of the tower are covered. Other aspects which need to form part of the lease agreement include who will be responsible for the additional utility costs associated with the tower, interference associated with the tower, termination at the end of the contract term and site restoration should the tower be decommissioned at the end of the contract term.
What Tower Lease Rates can be Expected from Cell Tower Companies
Depending on which carrier is using the site and what type of site it is, tower lease rates can vary between $1500 and $5000 a month. While some carriers pay on a monthly basis, others pay the full amount in one lump sum for each year that the contract is valid. Depending on how long the contract term is, a landlord can expect to earn anything from a few thousand dollars to well over $1 million for the life of the agreement. Rooftop sites usually earn a little less than their standalone counterparts.
Benefits of Using Cell Tower Management Companies for Inspecting Tower Leases
Tower lease rates can vary greatly from one cell carrier to another, which is why it is important to have a company that is knowledgeable about tower leases on the side of the landlord. These companies will carefully inspect the lease agreement and ensure that all possible angles and questions are covered before the construction process begins. Having a reputable cell phone tower management company on the side of the landlord will ensure that the entire process is as simple and streamlined as possible.
Call Towerpoint.com before you sign any lease agreement, and we will be able to advise whether you are able to obtain more revenue for your cell tower site. If you feel that you aren’t maximizing your investment’s potential, contact us now to help you find great buyout offers on your current lease.