A lot of people wonder what affects cell tower lease rates and the truth is there are many things. The biggest factor is the location. If your property is located in a highly populated area, then you can expect to receive top dollar.
Another thing that affects rates is the company itself. Different cell phone carriers offer different rates. One carrier might offer thousands and thousands more per month than another carrier.
The length of the lease might affect rates too. The longer the lease, the more you’ll likely be paid out in rent. However, if the lease is a long one, make sure you have the terms looked over by an attorney, just to be on the safe side.
Those are only a few factors that affect the rates of cell tower leases. If you’re interested in getting a tower on your property, then contact a professional who can help you.
