Factors To Look Into When Offering Leasing Your Land For Cell Towers.
A wide range of technology has been seen in the communication sector. Ways in offering the network connections has progressed and improved in a period of time. The network providing companies puts up cell towers. The cell towers are a cellular-enabled mobile device site where antennae and other electronic communications equipment are placed. Installation of these devices is used in improvement of the communication sector. The property to where the apparatus is put up is the prime necessity in this. As the landowner here are some of the needs to review on before leasing or selling your land to a certain network company.
Dangers related to allowing your land to be applicable for network connection should be something to put in mind. The risks can include any kind of trespasses that can be made to the neighbor’s land and other property. During the time that these cell towers are being put up this kind of trespasses is done unknowingly by this company. Other features using in making the cell tower such as devices supporting energy supply and other toxic materials. This can be a menace to the environment . Property can appreciate over a period of time and this can make the property owner hesitate in the activities of leasing out or putting it up for sale.
How long that you will be owning up the property to the service provider should be discussed to. In most cases land is rented out for a span of around twenty years. Discuss the activities that you will not be allowed to conduct on the rented part of the land. The duration taken should be associated with the charges suggested and discussed by both parties. The company should come clear on whether they will be paying the money per year or the payment will be made altogether. The property owner is advised not to come to an decision before involving and understanding the terms by the help of an attorney.
Some cell towers can be installed on rooftops. The need to extend the houses or the erections can be a problem to the owner of the property. It is always not the intention of the landowner to be negatively associated with the foreign property. This prevents the landowner from developing further. Any alarms you wish to raise regarding the property should be done in advance. Another thing that should be put into consideration is the taxation rates in the country.
The presence of the cell towers can be a security risk to the person leasing out the land. The responsiveness of the public is an issue too. The way in which the damages will be paid in should be reviewed on. The time that the compensation will take too. Leasing out property in this form of services is a crucial thing to handle so approach it prudently.