The Essential Laws of Cell Explained
What You Need To Know About Cell Tower Leasing
A cell tower company is usually a company that provides a tower for cell phone providers. These towers are important because they improve cell coverage. It is not uncommon to find several cell providers sharing one tower.
Consult a cell tower lease consultant before you lease your land to any company. To get a good price for a cell tower in your land, let an experienced consultant negotiate a price for you.
Any legal process that involves a cell tower lease will be best handled by a cell tower landlord advocate. Advocates who know the laws that concern cell towers in different regions will be very useful to a property owner.
Cell tower lease landlord is a person who has leased out their land or building for cell tower placement. Cell tower companies look for strategic locations where they can provide better services to their customers.
Depending on the contract between the leasing company and property owner, a onetime compensation known as a lease buyout is one method of payment.
To get a good valuation for the cell tower, consider the market value of a cell tower lease, value of your property and where the cell tower will be placed on your property or building. A good valuation means the company buying the cell tower lease and the property owner get a fair deal.
Property owners should ensure that they get written contracts for their own protection when dealing with the lease company. Consultants help to simplify the legal jargon in contracts and explain the rights of the owner in a simple way.
Fresh negotiations for a lease means you are getting a lease renewal because the previous lease is expired. Consultants ensure that property owners get good value for leased properties during lease renewals.
Term escalators refer to a payment percentage for a couple of years while an annual escalator refers to a percentage that can be adjusted annually.
In order to improve network, cell tower companies do rooftop cell site upgrades. A property owner of such a rooftop should ask to see the drawings of the intended changes. Property owners should ensure that they receive consent letters before changes are made to rooftop cell sites.
Protect your interests by consulting your advocate during the drawing of the contract and when there are consent letters to sign. Let your advocate be on the lookout for better deals on the market which could prove profitable for you in the long run. Consider your method of rent payment carefully before you sign anything. You can either agree to an annual payment or a term payment.
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