subject: Do You Have A Cell Tower Lease Site? [print this page] Land owners who have a cell tower lease site on their property no doubt are going to benefit for years from the income they receive as part of the agreements they have with cell phone companies. There are real estate asset management companies that exist for the sole purpose of helping in these negotiations and re negotiations regarding a potential cell tower lease site. They act as liasons for the wireless companies and are also there to educate land owners on the business of the goings on surrounding negotiations and the industry in general.
It is always a good idea to hire a professional who can help you sort out all of the language contained within a contract so that you do not end up agreeing to something that could be detrimental to your well being financially. When a wireless company finds a location that they are interested in putting up a tower on, they will need to get permission from the person who owns that land and also enter into an agreement to pay the land owner to use the property. There are dozens of stipulations and other terms that are often included in the contracts, some of which concern access rights, insurance clauses, renegotiation terms and security for the property and that is just the beginning. Although it may sound easy, there are many complicated stipulations that are involved in making a situation as beneficial as possible for both the cell phone company and for the land owner.
Finding a balance between land owners gaining a steady rental income for use of their property and the phone companies benefitting without paying way too much is the key, and although it may sound easy, it can be difficult to accomplish. It is important that a good relationship be maintained between land owners and wireless companies. Many land owners do not realize that if they do not bend enough to what the cellular companies want, they most likely are going to be able to offer a neighbor a monthly payment for use of his land, and the initial land owner is going to end up with nothing but a missed opportunity. At the same time, cellular companies need to realize that the best location is the best location, and they need to be fair if they really need that tower on a specific property to improve the service they provide to their customers. Do you know all there is to know regarding contracts for a cell tower lease site?
