Cell tower lease rates are something which thousands are looking into simply because they’re looking to make money! Mobile phone companies are approaching thousands of property owners in hopes of securing an ideal location for their new cell towers. However, while the companies are scouting locations, property owners are looking into how much they can potentially make from their adventure. So, how much rent could be expected from a cell tower and what are the determining factors? Click here to get more about cell tower lases rates.
How Prime Is the Location
A property which is classed as ‘prime location’, will be more likely to see a higher rental rate than those not in the prime zone! Why is that? It’s down to the demand and how limited this area might be. When someone wants to create a cell tower lease with a property owner, they will be more willing to pay extra for a location that’s very important to their company and abilities to make money. When you’re trying to work out how much rental income you can expect or why you’re getting only that amount, it’s maybe down to the location and whether it’s in a prime spot or not.
What past Rental Rates Were
Cell tower lease rates can be determined also on previous rental rates. If the rates were set at a certain limit before then the new rent may be determined by that. Let’s say you were getting over $150,000 for the previous years of rental income from the cell tower, there might only be a two percent increase, if at all. Past rates will be a contributing factor with how much the rental rates are set at and while some people will be able to see a large increase, others will not. There are many deciding factors when it comes to rental rates. Check more about cell tower rates on www.towerleases.com
Limitations over Construction of Future Cell Towers
Zoning issues and construction permit problems can cause the rental rates to decrease. If there are potential problems in the work or the company won’t be able to upgrade or do work to the current cell tower then the rates will be considerably lower than you may expect. It’s down to the fact that companies won’t be prepared to take a huge risk if the site they choose isn’t able to freely be able to make upgrades later. With a cell tower lease, companies expect to be able to make improvements as and when needed so they don’t always like to deal with permit problems.Learn more about tower and antenna siting.
Get a Good Rental Rate
Cell towers are highly sought after today, and it seems more companies are trying to get hold of prime sites to house their new towers. It’s easy to see why this is big business, and the truth is that there are many wireless and mobile companies that need good locations for their cell towers. You might be able to get great rental returns if your site is chosen. Cell tower lease rates can be fairly decent, but the actual amount you can make can vary significantly depending on the company renting the land and what you agree to also.