Of most other forms of leases out there, cell tower leases are not very known to the public. Do you want to know how to negotiate cell tower lease rates? Then, read this article by Vertical Consultants: Cell Tower Lease Rates – How Rent Is Negotiated. Most people who can benefit from cell tower leases do not know about them. These business agreements are an amazing asset that landowners should consider. If you are a property owner with space available for the installation of a cell tower, this can be a good additional source of income for you.
You can have a lease agreement with cellular providers such as Sprint, AT&T, T-Mobile, and Verizon. This agreement, essentially, permits the cellular provider to install and operate cellular equipment on your property in exchange for rent.
How to Get a Cell Tower on Your Land
You may want to learn about everything landowners need to know about cell tower lease rates. That is if you have a tract of land you are not currently using. If this sounds like a viable money-making option for you, you need to find out how cellular network carriers choose the ideal installation area.
You can lease your land for a cell tower in several ways. The easiest way is to invite a carrier’s site acquisition agent to visit your land. Due to the number of property owners who know about cell tower lease rates and the amount of money involved, you need to be careful. You cannot simply request for a cellular tower lease and assume the process will begin immediately.
No wireless firm will build a cell tower on your land if it does not meet a specific business need. No matter how long you market your land, other factors will come into play. Unless you own property in one of the search rings, which are some of the most attractive areas for cellular providers, you are out of luck.
Fortunately, cell tower search rings expand and change. Cellular carriers evaluate and expand their search rings to gain new areas and users. In a sense, they play a game of luck. If you have a great location now, a couple of years from now, it might not be worth as much. As a landowner, it always pays to learn more about cell tower lease rates.
The Reason There Are So Many Cell Towers
Currently, the world is on the Internet and mobile-centric era. Much like owning a coffee maker, a car, or a washing machine, most people cannot imagine living without a tablet or smartphone. In a way, connected devices are the new remote controls for most people’s lives.
People are looking for more than lightning-fast connectivity. Today, there are internet-connected televisions, alarm systems, fridges, lighting systems, washers, and more. Common fixtures and devices today require an internet connection and additional bandwidth. If you own land in one of these areas, you are in luck. You can make anywhere between $100 to $45,000 annually depending on the needs of the network company, the population density in the area, and the construction limitations, among other factors.
Cell towers on municipal or private land are some of the most convenient ways for cellular firms to generate income for the future. That is why they spent tons of money to secure their networks. If you think you can accommodate a cell tower in your land, get in touch with cell tower lease experts in your area.