|
The increasing popularity of cell phones has been a big contributing factor to the growth of the cell tower network to a great extent. Because of this, today, many land owners lease their land to telecommunication companies to set their towers. However, before signing and finalizing the deal, it is important to understand everything about a cell tower lease deal. The first step towards a cell tower lease agreement is to get the cell tower leasing and zoning. The balance of power in any cell phone tower lease negation depends upon the unique characteristics of the sites provided. A site becomes more valuable because of some of the following reasons: Difficulty in finding another suitable place, ease in access to telephone services; low cost of construction; simplicity in getting approval for the same site rather than other sites. These all are some important aspects of valuable sites. The next thing to look into are the Cell Site Lease Terms. It is to be noted that the rent to be paid for a telecommunication tower also depends on many other factors. Firstly, it depends on the amount of space needed for installing the tower. Secondly, the fact that the carrier typically requires approximately 2500 square feet of property to construct a telecommunication tower. The rent is also affected by the coverage it provides to the surrounding areas and how much the carrier is willing to pay. Co-location fees and subleases are other important aspects. Co-location fees refer to the percentage of rent paid to a carrier by another carrier in the position in which the original carrier subleases a portion of the leased property. In general, most carriers do not like to share the revenue they earn from co-locating with other carriers. Lease term and commencement is another issue that one cannot forget. Usually an initial five year term is requested along with successive renewal terms. It is very common for a carrier to seek an early termination clause in a cell site lease. This is to be done just to be on the safe side in case the telecommunication tower site becomes unusable because of any unforeseen situations. Lastly, a piece of advice for the landowners is that they should consult telecom lease advisors before signing a cell tower lease agreement. You could be anxious about the other side of the deal if you enter into it with no real knowledge of how it works. Most of the time, companies will use different tactics such as telling you that technology is becoming outdated or there is going to be a merger of the company which would bring an end to your deal. All this is done to make sure that they get a better deal on the cell tower lease, however, as a landowner you should remain fixed on your quoted price. About The Author A professional working with Communications Capital Group has written this article. CCG is a leading investor in cellular site locations nationwide offering site owner’s substantial lump sum payments to select Cell Tower Lease Agreement, Cell Tower Lease Agreement and Lease Sale. For more information kindly visit website online at: http://www.comcapgroup.com/ or call: (866)-574-2355
Related Articles -
Cell Tower Lease Agreement, Cell Tower Lease Agreement,
| 
