How To Negotiate A Profitable Cell Phone Tower Lease

If you will be negotiating a profitable cell phone tower lease with a wireless carrier company

, there are some things you need to be aware of in order to have a profitable outcome. You need to be an educated land owner so that you understand not only what the companys obligations to you are, but also so that you understand what you need to do to hold up your end of the bargain. It can quickly become confusing for a land owner to keep track of all of the different key aspects of the cell phone tower lease, so the first thing you need to do is to enlist the help of what they call a vertical real estate agent so that you have someone who is an expert in the field guiding you through it.

Before you sign any permanent contract with anyone about a land lease, you need to make sure that it includes a clause that requires that cell phone company to maintain insurance at all times on your property. They need to maintain liability on it at all times, too. It is typical in these land leases that land owners like you require that they are named as an additional insured under all of the wireless carriers insurance policies. Just as they have work to do with their insurance company, you need to make sure that you inform your own insurance company that there will be a tower on your property and that you are entering into a contract regarding that tower.

Among some of the things that you will want to keep in mind is the fact that you will want to make sure that your property is going to be easily accessible to the wireless carrier at all times. However, make sure that their access to your property is going to be limited to the parcel of land that has the tower on it. This should clearly be stated in your land lease for cell tower. You should also require that the carrier secures the site as well as your entire parcel for entry and exit.

Something very important that you should also ask to be in the cell phone tower lease is a clause that includes any and all appropriate indemnity terms. You want to require that the wireless carrier will indemnify you against any damages, claims and injuries that result from the carriers use of your land. It is very important that environmental contamination also be included in that you do not want to be included in any kind of a big law suit should anything unforeseen happen.

If there is a Land Use Change Tax that is imposed on your property for having it used as a cell phone tower site, the wireless carrier should easily agree to cover that fee. Finally, you should request a guarantee of payment and that if there is any sub leasing of the tower in the future, the carrier needs to be required to inform you of any sub leasing.

by: Phoenix Delray

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