You’re been approached about a cell tower lease but do are you sure about this before you agree to lease the land? There are many property owners that absolutely love the idea of leasing some of their land for a cell tower, but, who also have many questions over it. Unfortunately, a lot of property owners don’t think about asking a few questions, so maybe it’s time to get a few of those questions answered. Here are a few basic questions about cell tower leasing and the answers you need to know.
Will I Be Approached By The Wireless Carrier Personally?
In most cases, you won’t be directly contacted by the carrier but rather their manager or real estate attorney. Some carriers may decide to contact you personally, such as the person who’s in charge of cell tower leasing but it’s unlikely, although not impossible. It’s tough because every company is different and acts differently when it comes to getting a lease sorted out. However, it will be more likely someone acting on the behalf of the wireless company. If you are contacted, a cell tower consultant may be required to deal with a lease and negotiation.
What Should Be Included With The Cell Tower Lease?
There needs to be several items set out within the lease. Firstly, ground, space and access rights are a must to be sorted out so that everyone knows where they stand! Setting out the terms can be so important and you should never sign anything until you are completely satisfied with it. It’s important to have a cell tower consultant and hammer out some negotiations you are happy with. This is important to do and certainly, it’ll make things far easier as well. Learn more about cell tower lease firms.
How Will I Know If My Property Is Suitable?
Not all property will be suitable for cell tower locations, and you will be told shortly. In most cases, wireless companies will inspect the property and conduct surveys and all sorts in order to test the ground out. After they have done their studies, they will either say they still want to use the ground for their cell tower or will look elsewhere. If the property isn’t suitable for their cell towers, they will let you know. You might not find out until mid way through the negotiations for the cell tower lease depending on when the company undertakes its survey of the property. Get more information on https://www.bslassociation.org/all-about-cell-tower-leasing/
How Long Should The Lease Last For?
Leases can stretch around five years initially. Once the five years is up, you may be able to get the company to renew its lease again for another five years. However, it will depend on their plans as a business and whether they are happy to renew the lease. If you are going to go through a lease negotiation then it’s best to get a cell tower consultant in to help you through this process. It’s not always easy but having someone on hand to help can make things smoother for all. Click here to get more about Leases and Rental Agreements.
Making Cell Tower Leases less Confusing
Cell tower leasing is fairly straightforward, but only when you have a better understanding of it all. There are some property owners who assume their properties are ideal just because they’ve been approached by a company; however, that doesn’t guarantee a lease agreement will be made. Remember, it all depends on the network coverage, as well as the type of speeds given too. There are a number of factors which can determine whether or not a cell tower lease agreement is made.