If you’re interested in leasing a cell tower, you may want to read through this article to learn a little bit more about how cell tower leasing works. You’ll also learn about the most common lease language included in a cell tower lease, and the minimum lease term you should expect to sign. In addition, you’ll find a brief description of the types of locations where you can set up your rooftop cell tower. Finally, you’ll learn about contractual rent escalators and the importance of land as a valuable asset.
Locations for Rooftop sites
If you are a property owner and are considering cell towers for your business, you should be aware of the best locations. Cell phone providers are looking for the perfect place to add a new cellular tower or expand an existing one.
A rooftop is an excellent location for a cell tower because it is free from obstructions such as walls and trees. It also allows for more targeted coverage. In addition, it is a better option for microcells and distributed antenna systems.
Rooftop sites offer a lot of benefits to both the provider and the building owner. The main benefits are faster build time, higher profit margin, and greater flexibility in expansion. This is especially true if the building is already collocated with other cellular sites.
Contractual rent escalators
Historically, the United States’ largest wireless carriers have struck sizable master lease agreements with tower companies. These agreements include provisions related to indemnity, environmental protection, ground leases and subleasing. Generally, these contracts are for at least a decade, although they can last for up to 50 years.
The lease rates for cell towers vary depending on the location. Some cities command higher lease rates than others. Regardless, rents are based on the square foot of the land that is being leased.
Wireless carriers will pay leasing agents bonuses for favorable terms. Consequently, they may try to pay these bonuses to a leasing agent instead of directly to the landowner.
Land is a valuable asset that you want to limit in providing in your cell tower lease
When you decide to add a cell tower to your property, there are a few factors to consider. The type of cell tower that you want to add, your location, and the available options for cell companies are all key considerations.
You should also look into a cell tower lease. A cell tower lease is a contract between a tower company and a wireless carrier. It allows the provider to place equipment on the tower, and transmit signals to the device. Typically, a cell tower lease will be a 25 or 50 year agreement, with the possibility for a renewal.
Cell tower lease rates vary based on various factors. They can range from a few hundred dollars per month to tens of thousands of dollars.
Common lease language that is included in a cell tower lease
Cell tower leases are a legal contract between a landowner and an operator. These agreements allow an operator to build a cell tower on the property and operate related facilities. They usually last for several decades.
There are many benefits to a cell tower lease, but there are also a number of drawbacks. For instance, the amount of space requested by the operator can be very large. This can lead to decreased property values. Another drawback is that the operator will be required to pay monthly rent to the landowner.
In addition to a long term commitment, cell tower leases are also extremely complicated. They include a number of clauses that can increase the risks to landowners. Fortunately, a good cell tower lease consultant can help a landlord re-negotiate the agreement.
