Cell phone tower leases are agreements between cell phone companies and property owners. Property owners allow a tower to be placed on their property, and there are numerous benefits these leases offer.
The main benefit is residual income. Property owners can make a lot of money because they are essentially renting their land to the cell phone company. Another benefit is you’ll have better cell phone reception, if you use the cell phone company’s services. Also, you might be able to sell your lease for a good amount of money, but this would require you to hire an attorney.
Keep in mind that these are only a handful of the many benefits of having a cell phone tower installed on your property. The bottom line is if you want to make a good monthly income, then consider entering into a lease with a cell phone provider.
