Leasing Land to a Cell Tower Provider

Cell tower companies are always looking for lands to lease. As a landowner who wants to make a good investment over a considerable time period, leasing to a cell tower company is a great strategy.  Of course, there are some criteria’s that need to be met first when leasing to a cell provider, but once that is out of the way, this kind of investing is a great source of side revenue.

How to attract Cell Tower Companies to lease your land?

Firstly, you need to do research on what cell companies are looking for? Not all land can be feasible for a cell tower. Identifying the correct conditions regarding the location and the terrain for a cell tower is ideally step one. If these two criteria are not met, you cannot lease your land for a cell tower. Simply for any company, the basic conditions are: is your land in a secluded area and on a high hill?

Depending on where the land is, it is important to note that there might be some competition. Most likely if you are trying to lease your land to a cell tower company because it is suitable, there might be neighbors in the same interest area. More details!

Cell Tower Consultancy

For those who are either leasing their land for the first time to cell providers or are already experienced in this area, here are a few things to keep in mind:

  • Get information, do research –Research the market and see how you can compete, is the key to great success in leasing a land. Stay knowledgeable of all the cell tower developments in the area: what towers are newly being built in your area, how much are your neighbors leasing their land for etc.
  • Increase land visibility– Signs or billboards are a great way to advertise. A sign by a road or on your fence is an easy way to attract leasers.A simple sign with the contact information such as a phone number, email is all that is needed. If a cell provider agent happens to drive by, the sign will definitely increase attractiveness of your land.
  • Be patient –Always be ready for competition. As there are lots of cell towers being built every year you will have many competitors, especially if your area is suitable for cell tower installments.
  • Beware of scams–There are many sites online that claim “site listing services”. Beware of these scammers. These sites often times don’t work, and paying money to list your land on the site is not worth it.The best way to find the “right” cell provider association is to contact them directly.

References

https://www.towerleases.com/lease-land-cell-tower/

https://southeastproduceweekly.com/2018/04/12/allowing-cell-tower-land-give-versus-gain/

https://www.steelintheair.com/get-a-cell-tower-on-your-property/

7 Things To Look For In A Cell Tower Lease Consultant

Current estimates say that 95 percent of American adults have mobile devices and almost 80 percent own smartphones. That means mobile phone companies require many towers to connect all those phone calls. Cell towers require particular conditions to function correctly, so they can just climb in certain places. That puts it online for a lease if you own land in one of those places.

Getting the best lease rates requires negotiating with the cell tower company. You can hire a cell tower consultant or you can do it yourself. Here are 7 things to look for in a cell tower lease consultant:

1. Search Customer References

Consultants are not licensed, which means that anybody can call themselves a consultant. However, if you know your business, you will get many customer references. Request those references before making a firm agreement. If the references are valid, it is a good sign that you are dealing with a competent professional.

2. Demonstrate Experience

Lease agreements can be complicated with any number of clauses. A decent consultant should know these clauses. Ask the cell tower lease consultant you are considering explaining the update triggers. Update triggers are events that are supposed to trigger a change in payment. These must appear in the lease.

3. Transparent Rate Structure

Consultants use various rate structures ranging from fixed rates to commissions. What you should look for is a consultant with a transparent rate structure. That means that you know just what the consultant charges and what you get in return. Not all lease consultants use them, but you can even ask whether they have a rate schedule that you can review. Check here!

4. Are They Insured?

Cell Tower Lease Consulting is generally a business that serves customers. That means that your advisor must have some type of liability insurance. Though no consultant consciously does something that hurts a client, mistakes can occur. Liability insurance protects you and the consultant from possible future errors.

5. Do You Get Along with Them?

You do not need a new best friend in your cell tower lease consultant, but you should feel comfortable with them. Do not hire any consultant that bothers you. It is a recipe for arguments as well as bad blood. Keep searching until you find a consultant who is on the same page as you. You will finish up happier with their work and the lease agreement they get for you.

6. Right Resources to Navigate

Make sure you have the right resources to navigate. If you do not know the rules of the road, you need a professional who knows it exactly. By having a thorough knowledge of how each aspect of a cell phone tower transaction – financial, legal, development, and so on affects the final result, you will have a solid basis from which to orient yourself during the procedure.

7. Reflections on Hiring Consultants for Leasing Cell Towers

Hiring consultants is a lot like hiring other professionals. Look for consultants with strong client recommendations. They test their experience a bit to ensure they understand what they are talking about. Be sure to know your rate structure in advance. Keep in mind that you should never ask yourself what you are paying for.

You verify your insurance situation. At a minimum, they must carry liability insurance. So, you deal with intangibles. Do you like and trust the person in front of you? If not, then it is time for you to go to another cell tower consultant. Check out this site: https://medium.com/@PippaPayne579JlT/significance-of-getting-a-consultant-for-cell-tower-leasing-transactions-35600bb4c122

How Are Cell Tower Lease Rates Determined?

 

Open enthusiasm for cell tower lease has become in the course of the recent year and in light of current circumstances: ground leases for high-esteem cell destinations have furnished property proprietors with upwards of $50,000 to $100,000 in yearly rental expenses, and media transmission organizations are fabricating more cell locales consistently.

In any case, this does not imply that each cell tower rent understanding will net property proprietors versatile tower lease in this range; truth be told, numerous property proprietors are rather getting as meager as $100 per month for their cell tower lease rent.

Why the huge inconsistency?

The reality of the situation is that not all cell tower leases are made similarly: contingent upon the area of the cell site, organize requests of the region, and different factors, for example, cell site accessibility—the estimation of a telecom tower rent can vary incredibly.

Review the Lease

We will lead a careful cell tower rent evaluation. The procedure starts when we assess the terms and language of the cell tower rates, answer any inquiries you may have, and clarify this present reality impacts it will have on you in the short and long haul. We help you see how the terms in the tower rent impact the complete future esteem. We likewise address other budgetary terms found in your cell rent. Know why!

  • What would it be a good idea for you to get for heightening and how regularly?
  • What is a fitting alternative installment (regardless of whether they don’t offer one)?
  • Would it be advisable for you to request income sharing if extra inhabitants assemble space on the tower?
  • Would it be a good idea for you to be repaid for having a lawyer survey the rent?

Review the location

We audit the proposed area of the tower or site cautiously looking at the zoning mandate, zoning map, package map, property records, airborne and road see pictures in Google Earth, and other exclusive and non-restrictive data sources. We become acquainted with the property as though we were visiting it. the cell tower consultant will discuss with you and pose inquiries about the offer and your neighbors.

Find existing towers and cell locales in the region

cell tower consultant will analyses the tower database and discover what another place the remote specialist co-op or tower organization has other cell locales or towers in the region. We take a gander at transporter inclusion and from this data we make sense of what the targets are for the remote bearer.

Assess choices accessible to the renter

We at that point in reverse architect the pursuit ring-the zone where they have to discover a tower site. We make sense of where they should be and whether any current tower or other property in the territory would work for their motivations. We at that point furnish you with a guide demonstrating to you what the best three different choices are for them (if there are three) and rank them when contrasted with your property area.

Clarify Industry Dynamics

We will investigate current market elements, explicitly including the organization who has moved toward you, to decide how significant your exceptional property is in respect to other feasible choices.

Why you need a cell tower consultant?  Give Fair Market Valuation. Prescribe a Strategy. Even if you don’t require the whole value of your cell tower lease today, you may still be curious as to how much your lease is worth. If your site meets our criteria, we can provide you with a no-obligation analysis and site valuation, contact cell tower consultant for more information: https://www.towerleases.com/faq/.