What are cell site leases?
There are thousands of cellular networks in the world and as you know the basic of a mobile phone network company is that its wireless and operates with cell towers. A cell tower is a pole on which antennas and wireless signal catching and broadcasting devices are places. These towers are constructed on ground in various parts of the city or state. But the cellular company doesn’t buy any of the property or cell site. Instead, it enters in cell site leases which mean it borrows the property from the owner or lend it on lease. This way, the company can construct as many towers it wants and it doesn’t need to pay for purchasing the property.
When a cellular company decides or chooses a property to construct a new sell tower, it first contacts with the property owner, tells him all the conditions and future perspectives and then asks him if he wants to lend this property for a cell tower or not. Once the owner agrees, now it’s time for both parties to enter in a mutual agreement which is essential for cell site leases. This agreement bounds the both parties to a legal situation in which they both have to act on the agreed terms and conditions. If any of them breaks a term or violates a clause, the other party has all the rights to sue him in the court on the behalf of this legal agreement.
What should one do while entering in cell site leases?
Keep in mind that this is your property. You are the owner and even if there is going to a cell tower on your property and you will make a lot of cash out of it, let’s not get ahead of ourselves and before you enter in cell site leases, make you sure that have read the entire contract and you know every little detail in it. This way you won’t see any surprises in the future after going through each clause and term and condition in the agreement.
It’s not a good idea to ask your attorney deal with the telecommunication company on behalf of you. You should be the one talking to them because the tower is going to be on your property and you know the rates, leases and agreements better. If you want a negotiation, you should do it yourself and meet with the company to get on mutual terms and you shouldn’t ask your lawyer to do this negotiation for you. When you know the price and worth of your property and the current market value, you can better think what you should be getting out of this lease.
When a cellular company decides or chooses a property to construct a new sell tower, it first contacts with the property owner, tells him all the conditions and future perspectives and then asks him if he wants to lend this property for a cell tower or not. Once the owner agrees, now it’s time for both parties to enter in a mutual agreement which is essential for cell site leases. This agreement bounds the both parties to a legal situation in which they both have to act on the agreed terms and conditions. If any of them breaks a term or violates a clause, the other party has all the rights to sue him in the court on the behalf of this legal agreement.
What should one do while entering in cell site leases?
Keep in mind that this is your property. You are the owner and even if there is going to a cell tower on your property and you will make a lot of cash out of it, let’s not get ahead of ourselves and before you enter in cell site leases, make you sure that have read the entire contract and you know every little detail in it. This way you won’t see any surprises in the future after going through each clause and term and condition in the agreement.
It’s not a good idea to ask your attorney deal with the telecommunication company on behalf of you. You should be the one talking to them because the tower is going to be on your property and you know the rates, leases and agreements better. If you want a negotiation, you should do it yourself and meet with the company to get on mutual terms and you shouldn’t ask your lawyer to do this negotiation for you. When you know the price and worth of your property and the current market value, you can better think what you should be getting out of this lease.