Cell towers are being built left and right. They have become an important part of modern life as they not only facilitate calls but also Internet connectivity. With 5G being highly anticipated, it is easy to understand why works are investing heavily in infrastructure. There is a lot of money to be made for decades to come if they are in a good position to meet consumer demand. If you are a property owner with a lease offer, then you have a lot to think about. The monthly payments sure are tempting but consider the following before signing the agreement:
Future Developments
Cell tower land lease contracts typically last for 25 years or more. After all, towers are not cheap so these builders want to make sure that they can squeeze out as much utility as possible. If you don’t have any plans for the land within that time frame, then perhaps using it for this purpose is better than letting it stay idle. However, if you have something else in mind, then take a step back and pause. Once you are locked into the contract, it is hard to get out.
Moving Costs
Towers are enormous structures that are difficult to disassemble and move if there is a need to do so. Check the contract to see who bears the cost. This can run into hundreds of thousands of dollars so this is an important matter to discuss with the company. If you are trying to have it moved within the lease timeframe, then you will probably bear the cost. If the contract is over, will you still be responsible or will the responsibility shift to the other party?
Sight for Sore Eyes
Some people don’t like the idea of a tower on their property simply because it ruins the aesthetics of the place in their eyes. Perhaps they want to maintain a carefully cultivated ideal. A gargantuan metal structure that is designed for utilitarian purposes will not exactly inspire visual delight. It might also clash with the current house and other structures that are already in place.
Community Consent
Opposition can also come from the community that may have a say in the matter. Neighbors can express their disagreement in loud ways such as barring the construction equipment from entering or filing a petition at the local government. They might consider the tower a source of danger or a violation of construction codes for the region.
If you have considered these issues and are still bullish about the cell tower land lease, then go ahead and push through with it.
