All You Need to Know about Renting Land for Antennas
Compared to the decades before, currently, the telecommunication industry is experiencing tremendous growth. 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. For example, the telecommunication industry is under a lot of pressure to ensure that they supply wireless services to the people who are also benefiting from technology. One of the ways of providing such services to the people is by installing antennas. There is the need therefore to find a land where the antenna can be installed so that people can enjoy the services which is sometimes a challenge for the telecommunication company.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. Below is a guide to help you in leasing your land to the telecommunication company.
It is important to understand the circumstances surrounding the whole process because it is a lease meaning that it is a contract.In every contract, there are a lot of conditions that are put in place both for the company and also for your sake. The conditions are so many when it comes to leasing a land for telecommunication purposes and it is important to understand the type of lease that the company want. In case you don’t understand anything of the terminologies on the contract, there are companies that can offer professional advice and the best thing you can do for yourself is engage them. As you engage the companies that offer professional advice, it is also important that you equip yourself with relevant knowledge about land leases.
When it comes to leasing properties, it is important to understand the different dynamics of pricing your properties. 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. Location is one of the important factors that influence the amount of money you will get for your properties for instance if it is a densely populated, the demand is high for the services and therefore you can price the land 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.