A Guide to Leasing Land for Antennas
The telecommunication industry is one of the industries that has been experiencing a lot of growth currently compared to the years back. The root cause of the changes is the emergence of technology which has revolutionized many things raising a lot of requirement for the industry and therefore facing both challenges and benefits of the technology. Additionally, people are benefiting a lot from the technology and that is why the telecommunication industry is under a lot of pressure to provide wireless services.One of the ways of providing such services to the people is by installing antennas. Therefore, there is the need to install the antennas but the challenge is getting the land to install the antenna. As the landowner, you have the opportunity to benefit from leasing your property to the telecommunication company and you can go to seek for the opportunity but they can also seek the opportunity from you. The following are some tips to renting land for antenna installation.
It is important to understand the circumstances surrounding the whole process because it is a lease meaning that it is a contract. In the setting of a contract, you are leasing a piece of land and not selling it permanently, there are certain conditions that must be followed which is both for your sake and the sake of the company. Understanding such conditions becomes very important, for instance, it is important to understand the type of lease that the company want. Whether you have worked with the telecommunication company before or it is your first time, it is important to engage professionals because the market change and therefore the need for fresh ideas and to avoid making big mistakes when it comes to the contract, it is always advisable that you engage such companies for professional advice. You can also equip yourself with important information when it comes to dealing with telecommunication companies although you may not get helpful information therefore the need for additional advice from professional companies.
The price is the other important thing you should know about the contract. When it comes to the pricing of your properties, there is the market fair value but also it is important to understand that many factors contribute to the pricing of your land. For instance, the population within your area will determine the amount of money you get for your properties, for instance, if the location is densely populated, then you can price the properties at a higher rate. The price will also be affected by the type of lease, for instance, there are the ground leases which is different from a rooftop lease. It is important to understand how the payment will be made, annually or monthly, with interest rate or no interest rates.