Understanding the Ins and Outs of Cell Tower Lease and Buyouts
Should you be looking forward to learn more about cell tower lease and how it works, then chances are that you will want to make adequate research about its very use and specifics.
Over the years, technology has advanced greatly and you could see that wireless carriers and telecommunications today are building cell towers as well as rooftop antennas. Thing is that choosing the right location plays a vital role as a whole because carriers will most likely have the cell towers placed on properties that are privately owed and has to be leased via a leasing agreement. With cell tower lease, both parties involved in the agreement will benefit from each other.
The sum of the payment that will be given to the property owner is called a lease prepayment, or also named as cell tower lease buyout, which, is required prior having their network tower placed on the property and rent it from then on. In a sense, not only that both the parties will have to consider a common agreement but this agreement will also be recorded respectively with the local land registry. Generally speaking, once the agreement is being agreed upon and that cell tower lease rates are being discussed and agreed on, the records will be forwarded to ensure that both of the parties will have equal rights should things go haywire in the future. So regardless if the property changes hands or perhaps the carrier chooses to decommission the tower at some point in the future, everyone’s right is being protected accordingly.
There are a number of factors that needed considered when it comes to specifics and matters about cell tower lease rates, one of which include the location. Furthermore, there also are other factors that contribute to such changes in rates and this includes the site lease agreement, the time value of money, the specific carrier that will be involved, prevailing interest rates, the value of the property, the rent, and the list just goes on.
It really is very important that both parties will have to be specific about the agreement in order for them to get the most from their goals. Depending on how well the negotiation goes from scratch, either the carrier or the property owner will benefit most but nonetheless, it is a win-win situation that everyone will be thankful for. Making sure that everything is being discussed accordingly is what makes either of the party to get and reap as much from their investment.