Land is certainly one of the most productive assets that you can own. There are endless things that you can do to make it work for you and generate income. One of them is to lease the property and collect rent for a specific period. You don’t necessary have to build a house or any other structure for this to happen. If it is located in an ideal place, then you will find parties that are willing to build the structures themselves so you don’t need to spend anything. For example, you may consider cell tower land lease to get the following perks.
Additional Income
Who doesn’t want additional income? If you own land, then make them generate money for you in ways you see fit. A cellphone lease will allow service providers to erect their own tower on the lot in order to strengthen their presence in the area. They usually contact owners of places that are in an elevated location with very few obstructions around them. This gives the best chance for the signal to propagate far and wide. It’s a good fit for owners of a tall building with a roof deck or a land on a hilltop.
Improved Service
Let’s face it. We are all glued to our phones. As they have increased in sophistication, we have also increased our consumption. We now use them for play and for work. They are not only useful for calls and messages, but also for web browsing, email, chat, videos, music, pictures, and many more. Having a tower in your own backyard means that you can enjoy improved service. With a strong signal comes reliable and speedy connections. You can now call people and enjoy voice clarity with no interruptions. You can stream videos at high resolution without lag. The whole neighborhood will be happier.
Increased Property Value
The presence of the tower can make the property a lot more enticing to prospective buyers. They realize that they, too, can have the supreme benefits of better cellular service thanks to the proximity. Those who live in rural areas will probably love this the most. They will also be happy to collect the ongoing rental fees that will be turned over to them should they become the new property owners. Thus, you can sell the lot at a higher price than before.
Cell tower land lease could be the best decision you ever made as long as you negotiate good terms.