Tips to Leasing Land for Antennas
The operating environment has been changing for many industries and the telecommunication industry is one of the examples that has been having tremendous changes. 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. Additionally, people are benefiting a lot from the technology and that is why the telecommunication industry is under a lot of pressure to provide wireless services. There are many ways of supplying wireless services to the people especially by installing antennas. Therefore, there is the need to install the antennas but the challenge is getting the land to install the antenna. If you own properties therefore, you can benefit from them especially if you lease the land to the telecommunication company of which you can give them tender to do so but they can also come to you. The following are some tips to renting land for antenna installation.
Renting the properties to the telecommunication companies means that you have to enter into a contract because it is not the sale of the land. In the setting of a contract, you are leasing a piece of land and not selling it permanently, there are certain conditions that must be followed which is both for your sake and the sake of the company. 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. It is possible it is your first time to work with a telecommunication company and to avoid making great mistakes causing your great fortunes, it is important to work with companies that provide professional advice when it comes to leasing land to telecommunication companies. As you engage the companies that offer professional advice, it is also important that you equip yourself with relevant knowledge about land leases.
The price is the other important thing you should know about the contract. There are many factors that will influence the amount of money you will get from leasing the properties. For instance, the population within your area will determine the amount of money you get for your properties, for instance, if the location is densely populated, then you can price the properties 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.