The supply and demand for cell tower service have never been higher. With the introduction of newer 5G networks, cell service has expanded to more rural areas than ever before. The responsibility of Cell tower carriers such as Verizon, Sprint, AT & T and T-Mobile is to seek potential locations to provide cell phone coverage. If phone coverage in an area is inadequate, the demand from cell phone users for better coverage will go up. If you’re a landowner who has considered having a cell phone tower, it is essential to know what your cell tower lease agreement entails. The following are the pros and cons of having a cell tower on your property. Let’s explore the article below.
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Pros
Better Service and Less Down Time
One noticeable advantage of having a telecommunication tower on your land is the improved service. Cell phone owners who are the customers of your cell tower provider will also experience better coverage with less downtime.
If you are a business owner who works at home, this gives you the benefit of conducting business more efficiently.
Making calls in and out to potential clients or business partners will not be compromised by poor coverage, allowing you to communicate hassle-free with better call quality.
Service downtime will also reduce, with fewer interruptions business owners can maintain a more consistent workflow leading to higher productivity.
Income generated
If a property owner is in a desirable area, the majority of cell wire carriers are willing to pay high premiums. These premiums are paid to secure the installation of their equipment on the Landlord’s cell phone tower.
The most significant benefit to having a cell tower is the immediate revenue stream it provides with no start-up costs required. Property owners can, therefore, enjoy high returns without the need for investment money.
The amount of income generated will depend on a multitude of factors such as the location, type of cell tower ie standard or rooftop, strategies implemented during negotiations and many more.
To give you some insight Landlords can expect to receive as little as $100 to over $156,000 on monthly rent from the biggest wireless carriers mentioned previously.
From Cell phone towers Landlords can expect rent to be anywhere from $3,600 per year to well over $60,000 per year. These companies include Crown Castle International, SBA Communications, AT&T and American Tower.
Property owners can also agree to receive a lump sum payment from the rents made. Lump sums can be useful for businesses or non-profit institutions who want to fund large projects.
Landowners can also enjoy long term profits if there is an extension on their lease agreement; meaning that their revenue stream could last for decades.
Furthermore, a property’s value can also increase because of the cell tower’s presence. This increased value can give landlords more bargaining power when negotiating future leases or if they decide to sell their property.
Cons
Bad Contract Lease Negotiations
Once a Wireless carrier approaches a Landlord for lease contract negotiations, it is crucial to know carriers may not have the Landlord’s best interests in mind.
Contract negotiations can be complicated and drag on for a while. It is common for landlords to overlook small details in contracts which may compromise the property’s value.
Wireless carriers may decrease the value of your property by negotiating more space than actually necessary to install their equipment.
Letting carriers occupy extra space would give them the right to install equipment regardless of its size and location. The equipment installed could negatively affect the property by blocking access points and even compromising safety.
Bad negotiations can also lead to contract termination implications. A termination clause may exist stating that either the cell tower company or wireless carrier can exit on short notice, leaving Landlord stuck in the contract.
When negotiations take place, it is highly recommended to hire a consultant. A Cell tower consultant’s expertise will be essential, delivering you the best deal possible for the long term.
Visually unappealing
If your property is an area known for its peaceful environment and beautiful scenery having a cell tower may compromise these traits. Although there have been attempts to camouflage Cell Towers by disguising them as trees, they are not easy to conceal.
Cell towers have tall metallic structures which do not blend in with the environment; this may also negatively affect Landlords wishing to sell their property in the future.
Health Concerns
The primary health concern associated with Cell Towers are the potential risks of cancer. Protests of Radiofrequency energy causing cancer have been common in communities, but there is no substantial evidence to support this.
According to the United States National Cancer Institute “Radiofrequency energy, unlike ionizing radiation, does not cause DNA damage that can lead to cancer.
While the notion of Cell Towers causing headaches, memory loss and even low sperm count continue to spread online, it is essential to do your research.
Currently, there is also no evidence from published scientific reports to show cell wave towers causing these harmful effects.
Furthermore, the effect of High RF wave levels, causing warming of body tissues is shown not to affect landowners. Energy levels on the ground close to cell towers are not high enough to cause this problem.
