Will you be hiring a cell tower consultant? There are thousands of property owners who have been approached by mobile and wireless companies hoping to rent portions of their land to build a cell tower. Its big business leasing cell tower locations; and certainly something which thousands of property owners look into each and every year. However, what do you know about cell tower leasing? Are you up to date with the latest knowledge or are you lacking behind? Maybe it’s time you learned about cell tower leasing to make it easier should this opportunity ever come knocking.
Owner’s Rights Should Be Set Out Within the Lease
Do you specifically know your rights as a property owner? Unfortunately, with a cell tower lease there are certain specifics missed out which can cause a lot of trouble later; it’s not something you want to deal with and should be addressed. Within a cell tower lease, it’s very important to state the property owner’s rights; and they should be set out within the lease agreement. If these are not stated then the owner might have a battle on their hands should they disagree with any extension plans of the company they’re renting to. Click here for lease experts assistance.
You Must Have an Independent Evaluation of the Property
With any lease, you are going to be dealing with a monetary value and you have to be sure the amount you’re agreeing too is fair. How can you work out if the value by the company is fair or not? It’s very important to have an independent evaluation conducted of the property. By having an independent evaluation carried out you can understand the real extent of the value. It will be a lot easier to have a cell tower consultant who can deal with these matters. What is more, they are the ones who will help with creating a good lease agreement too, which is fair for you as the property owner. To find your property valuation, visit: https://www.gov.uk/correct-your-business-rates
Limitations for the Lease Holder Is Important
The company renting the piece of land from you only has access to the portion they are renting, nothing more. Unfortunately, the actual limits of the access of the company isn’t always written down or expressed in the lease and that’s cause for trouble. When you are creating a cell tower lease you absolutely have to ensure there are specific instructions set out about the limitations of the renter so that the company or any member of the company, cannot use any other part of the land not rented by them, unless given permission by the property owner.
Get a Fair Deal
Cell tower leasing is increasingly popular and there are thousands of new towers springing up all over! It’s great because it means wireless capabilities are improving, but at the same time, it means there are opportunities for property owners to make some money. When you are one of those property owners, you have to ensure you’re getting a fair and honest deal so that you get a decent profit from this venture. Why not speak to a cell tower consultant and see how they can help you during your leasing agreement? Learn more about cell tower rents.