A Deal, Not a Steal: Settling Cell Tower Leases

Cellular towers play an important role in telecommunications, particularly since they relay signals from mobile phones to operators who then redirect the data to recipients. To serve the growing demand for reliable mobile data and voice services, property owners can put their properties up for lease as cellular tower sites and in return earn a considerable income for the duration of the lease.

Although a potentially lucrative prospect, such a lease agreement needs thorough consideration on the part of the landowner.

Some cellular companies may want the leased property all to themselves and subsequently prohibit the landowner from allowing other networks to use the tower. On other occasions, cellular companies might insist on a provision that allows them to terminate the contract any time they wish. As such, landowners should carefully consider every detail of the agreement to ensure utmost fairness and transparency.

Luckily, property owners can turn to qualified attorneys for a thorough review of the terms of the lease. An attorney can also identify potentially problematic items that may be detrimental to the property owner’s interest. The same legal professionals can be called upon to negotiate certain sections of the contract, such as the monthly rental payment the landowner can expect to receive.