When you as a property owner is approached by the cell phone companies so that you can lease to them your piece land in order for them to place cell phone towers there, you are going to get a cell site lease payment for that land.There are a number of factors that help to decide the amount of the money you are going to receive for the lease. You need to think of factors like the spot of the cell tower, the size of the cellular company and also how experienced the representatives of that company are. This is actually an investment that can give you money for the rest of your life. As a property owner, it is important to note that the cell phone company are more interested in making money for themselves.When you are through with determining the lease and you have agreed how much you are going to be given in a certain duration of time, these companies will always want to approach you to lure you to make changes that could even leave you with a lower value piece of your property or even with lower cell site lease rent payments. An existing lease can extremely be a valuable agreement. You should not be easy to be lured to get to any changes but instead, get to consider the results of any changes that you may make. Make sure that you stick to the terms and conditions that you had set at first when signing the contract with the cell tower lease company before signing any other deal that can be costly to you in the long run. Now that you have known the dangers you can get into, realize that cell tower leasing has a number of benefits. Analyzed below are some of the significant benefits of cell tower leasing to the landowners.
The money streaming to your bank without straining and for a long time is one of the main benefits of this kind of investment. This shows that you are going to be getting quite a lot of money without even struggling.
You are also going to realize that cellular tower leases are passive. It is not a must you work or even put your money for investments.All you have to do is just to sit back and wait without worries for your monthly payments to come.
You are not going to use your resources
You are not necessarily going to spend your resources to have the cell tower erected but you will be lucky to have a company that is going to put it up at their own cost.