If you want to take advantage of your real estate property, venturing into cell phone tower leasing is an ideal business. If you own a land that can be a potential are for cell tower to be built, you can share that resources to some telecom companies. Telecom giants want to expand their businesses especially in the suburbs. It will be your opportunity to welcome them there and provide them a chance to lease your area. Such area may not appear to be good for agriculture. However, it is a good venue for industrial business.
As the owner, it is important that you are aware of the law and regulations that pertain to cell phone tower leasing. There are local ordinances which governs your property. Before signing a contract, you also need to read the terms and conditions. Your rights as the owner of the land shall be mentioned in the contract. Once the deal is done, you are giving the operator the right to do procedures for tower leasing in your area. However, those procedures should abide the laws which are provided by the state even before you meet. For more information visit this site https://en.wikipedia.org/wiki/Telecommunications_lease.
When talking about leasing rate, you need to know also that there are factors to be considered. The type of area is one of those factors. You should know that the leasing rate for a rural, suburban, and urban areas are not the same. You also need to know the market value of your property. The background and position of the building also matter when it comes to knowing the leasing rate. If you will just ascertain, you are not sure if the price that you are going to offer would be beyond their financial budget plan so hiring a good cell tower consultant can help. You should find an organization that will help you to study the area and come up with an accurate rate. In the meantime, you need to discuss the term of lease because it will be the basis for your continuous getting of income.
You would love to know that the operator could not simply extend his operational activities to the areas that are not part of the leasing. If he decides to move even an inch, he still needs to get your consent. For leasing price, you need to talk to a cell tower consultant. He will be the one to study the area and see its potential. For sure, he can bring money on your table with the kind of experience and expertise that he has.