Purchasing Commercial Property? A Guide To Cell Tower Leasing

If you’re in the process of purchasing commercial property, it’s important to understand the ramifications of cell tower leasing. With the majority of people now relying on mobile devices to access the internet and stay in touch with family and friends, cell phone towers are becoming increasingly ubiquitous. But what does that mean if you own a piece of property? Let’s dive into what you need to know when it comes to cell tower leasing for property owners.

Cell Tower Lease Requirements and Regulations

Depending on where your property is located, there may be certain regulations surrounding cell tower leases. Not all jurisdictions have laws that regulate these agreements, so it’s important to do your due diligence before signing any contracts. In areas where there are regulations, they often specify how rent should be determined, who has the right to approve or reject applications for new antennas, and whether or not subletting is allowed.

Benefits of Cell Tower Leasing

As a property owner looking into cell tower leasing, it pays to educate yourself about both the pros and cons. On one hand, having a cell phone tower onsite can bring in additional rental income – sometimes quite significant amounts depending on the location of your property and other factors. It can also benefit those in your local area by providing better mobile service coverage while reducing environmental impact since fewer towers are needed overall.

On the other hand, having a cell phone tower attached to your commercial property could potentially decrease market value due to health concerns associated with radiation exposure and other factors (although most studies suggest this is not an issue). Also keep in mind that while you may receive upfront payments when entering into lease agreements, these tend to be small compared with the potential earnings from monthly rental fees over time.

Cell tower leasing can be a lucrative option for many commercial property owners – but it’s important to understand all aspects involved before entering into an agreement. It pays to research applicable laws and regulations as well as potential benefits and drawbacks so that you can make an informed decision about whether or not this type of arrangement is right for you. With some careful consideration, however, cell tower leasing can provide a great opportunity for earning additional rental income while helping improve mobile service coverage in your local area. Contact a company, like TowerPoint, for more information on cell tower site leasing.