There are approximately 300,000 cell towers situated throughout
the US. While most site owners are eager to find out how much they can earn
with a cell tower lease, there are a few factors to take into consideration
that will affect the value of cell tower lease rates.
Site Infrastructure
This is one of the biggest factors that will affect cell
tower lease rates, as all cell tower sites require utilities such as water,
power and phone lines to function. The closer these amenities are to a site,
the more chance landowners will have of obtaining higher cell phone tower lease
rates. Construction will need to be carried out, which means that accessibility
for construction vehicles will become a crucial determining factor when the
rates for cell tower leases are being negotiated as well.
Basic Terrain
A proposed cell tower site that is already relatively flat
and has few trees and other obstacles to be removed or negotiated around, is a
more desirable option and as a result, the property owner can expect to receive
higher cell tower lease rates if this is the case. If the elevation of the
ground is higher than average, this will also have a significant influence on
the amount the landowner will receive in lieu of cell tower leasing rates. Any
existing infrastructure that can be utilized will also affect lease rates favorably.
Location of a Site
This can have an enormous impact on lease rates because of factors
such as surrounding property values, the location of other nearby cell tower
sites and the actual value of your land and any property that may already be
present on it. If a property is one of the first in a particular area to offer
coverage for a carrier, the land owner will receive highly favorable lease
rates. However, if a site is being added to an area where there are already
numerous other sites being used by the same carrier, the land owner will
receive lower lease rates.
If land owners have been approached by cell carriers
regarding a cell tower lease buyout or if they are curious about how much their
site could be worth to the cellular industry, they need to contact an
experienced tower management company for assistance. Not only will this enable
them to find out more about the legal aspects involved with cell tower lease
rates; it will ensure that they receive fair compensation for their property.
