Cellphone ownership continues to grow alongside our appetite for data. Thanks to faster speeds and cheaper costs, we are able to do more with our phones. On the part of the carriers, meeting the demand is a constant challenge. They need to increase their coverage to serve more people and stay competitive. Buying properties to install towers would be too expensive and inflexible so they often rent spaces. Owners have multiple reasons to agree to such an arrangement:
Passive Income
If you have idle land in a vast property, then surely leasing out a small part will not be too much of an ask — especially when carriers are willing to pay significant sums for the privilege. Consider it as another stream of passive income to bump up your monthly earnings. The amount they will pay depends on the location and the size of the equipment. Check the rates for similar towers in your area to make sure you are getting what you rightfully deserve.
Strong Signal
Since a tower will literally be in your backyard, you can enjoy the strongest signal in your area. You won’t need to move around just to get a few bars on your phone. Surfing and call will be a breeze anywhere around your property. Now you can stream videos all day if you want to. You can download all the files you need in a snap. Dropped calls will be rare. Opportunities will open as a result of this fast and reliable connection.
Extra Benefits
To sweeten the deal, carriers may provide other perks besides the monthly cell tower land lease. They could provide their services for free or at a vastly reduced rate. You may be able to enjoy their fastest mobile connections 24/7 with a generous data cap. It all depends on your negotiations with the company. If you have a good location, then you have the leverage to get what you want.
Transmitter Choice
Some might not like the idea of having a massive tower in their property. They might think that it ruins the aesthetics or limits how they can use the rest of the land. This is fine since there are different types and sizes of transmitters. Owners can choose which ones are acceptable for the lease.
Continued Ownership
The lease is beneficial for both parties. Carriers will spend less to have their towers installed and have the flexibility of taking it down once the technology is obsolete. Owners, on the other hand, will continue to exercise control over their properties and can renegotiate contracts at the end of each term.
If an offer comes for cell tower land lease, don’t hesitate to grab the opportunity.