Factors that Sum Up the Cell Tower Lease Rates
It is a very challenging task to ascertain cell tower lease rates. This is a subject which is not very open in the public. The owner of the land would need to refer to various materials in order to understand and come up with a price that would be helpful for him or her. However, there are some companies or organizations in the market that cater to such needs. These are people who are professionals and deal with such agreements on a regular basis. If you are new to this kind of leasing, it is best for you to go ahead and speak to such people who can help you quote the right amount for your land to cell phone companies.
• The different periods of lease
The land can be given on lease for a maximum of 20 to 25 years and a minimum of 5 years after which the company and the owner can sit down and decide further. Before giving out your land, it is best for you to sit down to understand the timeframe of your lease.
• Factors of the land and responsibility of the company
The rental amount will also be decided based on the location of the land as well as the area of where the locality is placed. Every area has a different market value which results in the amount of money you can get if you lease out your land. The company is responsible to ensure that they undertake the expenses that are caused in case there is any damage of sorts due to the tower. They can only have access to a particular portion of the land which has been given out to them, if they have to make any changes, they would need to inform the owner first before making those changes.
Cell tower lease rates are subjected to change after a particular time frame. There is a particular percentage which is mentioned on the contract. On the completion of one year, the rent amount will increase on the basis of the increase percent that is stated on the contract. For example, the agreement can state that at the end of every year during the tenure of the agreement, the rent will increase by 15% of the present rent that is being paid. This means for the next one year, the land owner will get the amount that adds up after the calculations are done. This goes on until the total time of when the agreement is in force. At times, they may also set a certain amount that has to be paid for a certain time which does not hold any increase in between. For example the land owner would get a set amount for 2 out of a 5 year contract. At the end of two years, it would increase by a certain percentage.
For more detail about Cell tower lease rates visit: http://www.cellsiteleases.com
• The different periods of lease
The land can be given on lease for a maximum of 20 to 25 years and a minimum of 5 years after which the company and the owner can sit down and decide further. Before giving out your land, it is best for you to sit down to understand the timeframe of your lease.
• Factors of the land and responsibility of the company
The rental amount will also be decided based on the location of the land as well as the area of where the locality is placed. Every area has a different market value which results in the amount of money you can get if you lease out your land. The company is responsible to ensure that they undertake the expenses that are caused in case there is any damage of sorts due to the tower. They can only have access to a particular portion of the land which has been given out to them, if they have to make any changes, they would need to inform the owner first before making those changes.
Cell tower lease rates are subjected to change after a particular time frame. There is a particular percentage which is mentioned on the contract. On the completion of one year, the rent amount will increase on the basis of the increase percent that is stated on the contract. For example, the agreement can state that at the end of every year during the tenure of the agreement, the rent will increase by 15% of the present rent that is being paid. This means for the next one year, the land owner will get the amount that adds up after the calculations are done. This goes on until the total time of when the agreement is in force. At times, they may also set a certain amount that has to be paid for a certain time which does not hold any increase in between. For example the land owner would get a set amount for 2 out of a 5 year contract. At the end of two years, it would increase by a certain percentage.
For more detail about Cell tower lease rates visit: http://www.cellsiteleases.com