Huge popularity of cell phones has contributed much to the expansion of cell tower network to enormous level. You would find cell towers mushrooming everywhere. Tremendous demand for cell tower installation requires more and more private properties to be leased out in both rural areas and urban areas. Cell tower leasing business has great charm for property owners. There is a beeline for people who intend to lease out their portions of land for cell tower installation. Let's explore various aspects that involve cell tower leasing process.
Cell tower lease out deal is usually agreed between a cell phone service provider and a property owner. Both of these parties are required to sign an agreement which requires the property owner to lease a portion of land to the cell phone company who is part of the deal. The agreement involves many terms and conditions. Both the concerned parties are required to respect these terms and condition for fruitful collaboration.
Cell tower lease out deals have turned out to be windfalls for many property owners who have undergone lease out agreements with cell phone service providing companies. There is no fixed rule about the remuneration a property owner gets from a cell phone company in exchange of the facility provided for installing the cell tower.
Remuneration depends on the discretion of the parties involved. In most of the cases, the property owner gets an agreed some on monthly basis. There are instances of cell phone companies offering jobs to the property owners in exchange of the facilities provided to the companies.
However, it is not possible for every property owner to lease out property for the cell tower erection. Cell phone service providing companies make it sure before entering into a lease that if the area where the cell tower would be installed is feasible or not.