A Cell Tower Lease Rates is an arrangement between two parties: the property holder who already has free space available on their property for the installation of cell equipment, and an actual cell phone service provider like AT&T, Verizon, T-Mobile, etc. In some cases, the agreement is purely between the landowner and the cell provider, for example, American Tower or Crown Castle. In other cases, the landowner may also enter into a rental agreement with a third party. This type of contract usually differs from property to property since the real estate market is highly competitive. In general, these agreements suit the needs of the landowner about coverage and cost.
The amount of coverage provided by cell towers is determined by factors such as the prevailing conditions in the area where the equipment is installed. Generally, the higher the population density, the more accurate the calculation will be. Generally, a cell tower leases coverage area is a little more than one square mile per square kilometer. However, the calculation of per month charge is based on a maximum of one thousand feet of coverage. This calculation for rural areas is slightly different.
In order to avoid incurring additional expenses, property owners are advised to negotiate with the landlord before installation. Property owners are also advised to seek expert advice from local engineers and land surveyors before finalizing the type and amount of coverage. Since cell sites occupy a large amount of land, property owners should also consider purchasing additional permits from local authorities. Cell tower leases are generally available in two formats, namely, ground leases and rooftop rentals. In-ground leases, the landowner will have exclusive possession of the land, whereas, in rooftop rentals, the tenant will own the property but sublease the necessary facilities.
There is a great deal of competition between the various cellular providers, which can be expected to reduce the overall Cell Tower Lease Rates. Generally, the bigger the network, the higher the costs. The most expensive service provider is the one with the biggest coverage area, followed by offering the lowest prices. Therefore, it is important to first identify which type of coverage best suits your requirements before deciding on the rates.
Many property owners are not aware that they are required to obtain approval from the local government before installing the equipment. The major reason for this requirement is to prevent environmental damage due to unnecessary electricity consumption. Property owners are also required to ensure that the system meets all applicable laws and regulations.
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