If you have land with a cell tower, it's probably being leased out. That means you can profit for as long as this tower is on your property. Even still, you want to consider having this type of lease professionally reviewed at certain intervals. Then you'll be privy to some important things.
Make Sure You're Not Overcharging
You want to make money from a cell tower land lease, but not to the point where you overcharge tenants. That could scare them off and then you may no longer be able to profit from these special leases.
That won't happen if you use cell tower land lease reviews at the appropriate times. A consultant can see what rates you're charging tenants and make suggestions if they're overvalued. You can subsequently maintain a good relationship with tenants, making them more prone to stay.
Determine How Much Land Should be Leased
In order for cell tower land leases to remain profitable for years, you need to give up rights to a certain portion of land. Too little or too much can hinder your profits and create other problems in the future.
If you go in for a cell tower lease review, you can find out for certain how much land should be leased. Professionals that handle these leases all the time can determine if your current lease structure is correct in terms of land amount. If it isn't, they can help you restructure these leases in a legal way.
Analyze Any Future Construction Projects
If a cell phone tower is deemed a success around your property, owners of the towers may want to expand. That means more construction in the not too distant future. Before this construction commences, you should have your cell tower land lease reviewed professionally.
Then you'll find out important things like how this construction will go, when it will take place, and whether or not you can earn profit from it. You'll speak to a consultant that will keep you in the loop about future construction projects as they come about. Then you'll be in the know and understand how to approach these expansion plans if they ever come to light.
Many important things need to be considered for owners of land that's leased out for cell tower purposes. There are professional review services for these leases, which may be needed to receive clarification and advice on important matters.
