Expansion of cell phone services has led to increase in the installation of antenna towers. There is fierce competition among cell phone providing services to improve their network and provide more and more communication coverage to their consumers. Motivated by these trends, cell phone service providing companies seem to be in the rat race to install more and more antenna towers.
These companies mostly seek private properties for installing antenna towers. They enter into long-term lease agreement with property owners whose spaces of land are to be used for the installation of antenna towers. In exchange of land spaces, cell phone providing companies offer handsome payment to the property owners.
Many people are curious to know the conditions that make a cell tower lease out deal possible. These people should know that a cell phone company spots a location for installing antenna tower only if the site is feasible.
Feasibility of the area is determined keeping in mind factors like zoning and need for improving coverage. The property owners who wish to lease out their property to the carriers for cell tower installation are required to submit applications. Acting upon the application, the company officials explore feasibility. Then, the go-ahead signal is given.
If you are a property owner and you want to lease out a space of your land to any cell phone service providing company for erecting an antenna tower, you should make sure that the lease out agreement protects the rights of your ground space and rooftop space.
Generally, it is believed that the antenna tower lease deal is meant for long-term. There is no doubt in it that it is a long-term deal but initially, the lease term covers a period of 5 years only. Then, the agreement is renewed further after completion of the initial term.