Cell phone tower companies are constantly looking to expand to improve network coverage for people. If you own land where a company is looking to expand, you may have the option of signing a lease agreement where they'll use your land to develop these towers. These leases are unique, but you'll be able to easily manage them if you hire a cell tower lease consultant.
Review Your Property's Value
How much you end up leasing an area of land for cell tower development will depend on its overall value. This isn't something you want to play around with or just guess because that would decrease the amount of money you could make from this land lease over the years.
You should always hire a cell tower consultant who's experienced with these leases to give you a property valuation. They'll base it on where the target site is located and the overall demand for land being used for cell tower development. Then you'll know how to effectively evaluate leases with cell phone tower companies.
Handle the Paperwork
If you do want to lease out some land for cell tower development, you'll need to sign a bunch of paperwork with the company interested in your land. You probably don't know much about these forms, but you still won't be at a disadvantage if you hire a cell tower lease consultant.
They can help you review this paperwork, going over specific terms that you need to know before agreeing to anything. They'll also ensure you fill out forms correctly so that nothing trips up the lease or makes it illegitimate at any point.
Facilitate Transfers When Appropriate
If you end up selling your property but want the lease with a cell tower company still being active to benefit the buyer purchasing the property, then you'll need to work with a cell tower lease consultant. They can facilitate this transfer so that you and the buyer don't run into trouble later on down the road.
They'll show you exactly what steps you need to take to make this lease transfer official, as well as explain the lease's terms again to the new buyer so that they know what they're investing in with the property as a whole.
If you end up having a property that cell phone tower companies want to build around, a lease contract may be offered. You can handle it accordingly by working with a cell tower lease consultant and taking their advice at the right times.
Contact a cell tower lease consultant to learn more.
