The latest and the most important
addition to our basic needs is a cell phone. It enables you to not only connect
to your loved ones but also give you access to a variety of things like
internet, online games, chatting, video calls, movies etc. The increasing
popularity of cell phones and our dependence on it has given opportunities to
cellular service providers to make their fortunes. The increasing usage has
increased the number of cellular service providers and they too have to deal
with this increasing pressure on their cell towers. To cope up with the
increased demand of cellular services, these companies increase the number of
their towers to avoid network problems and other issues. They look out for land
owners who are willing to lease out the cell tower constructed on their
property. Having a cell tower on your property can be a good source of income
if you take care of few points before cracking a deal with a cellular company. Cellular
companies take advantage of the ignorance or unawareness of the property owner
and thus are able to crack a Cell Phone Tower deal much more beneficial
to them than to land owner. While making a deal, you should always consider the
following points:
·
The duration of the term of your cell site lease
·
Current value of your cell tower lease
·
Clauses of the deal
These cell tower companies are
well versed with the market values of your cell tower and thus are in a better
position to entice you or misguide you. You should always contact a legal
consultant before signing to any deal. A legal consultant not only tell you the
current value of your cell tower but also help you to reform the deal and its
clauses to protect your rights on your own property. Sometimes cellular companies
lease out a part of your tower on rent to other companies without informing you
and make extra money from your owned property but you can do nothing if you
have not gone through the clauses of the deal in detail. The clauses generally
restrict your right on the tower and cellular companies make good money by
paying you a lump sum amount. Since you are a lay man in legal matters, it is
always better to take legal help from consultant. The fees that you pay to the
legal advisor are reimbursed by the cellular company once the deal is
finalized. It’s not impossible to make the best cell tower lease deal if you
keep in mind these points. So play safe, play intelligent and make good money
out of your cell tower.
