OT - Cell Tower Land Lease
- Thread starter eedawg
- Start date
Find someone who can help you understand what the proposed lease says about what happens when (not if) the tower owner decides to shut down operations and abandons that MFer on your property. The answer to that question is WAY more important than the comparatively piddly amount they are willing to pay you for the ground lease.
https://dcgstrategies.com/blog/dcg-blog/the-cellular-steeple-rise-cell-towers-on-churches/
Brought to mind this old news story.
Brought to mind this old news story.
I have and continue to lease land for billboards. I run into a lot of landowners that have cell towers as well. They typically pay a lot more than I do and I've seen some around $20k/yr.
The Rabbi is right, upon termination you want those guys to remove everything. Foundation, pad....everything. I disagree about the piddly amount. If they need the coverage they'll pay. I'd also address them adding carriers. They will add them at some point and I would have some escalators built in for when they do. The value depends on the size and range of the tower.
Stateu1 is right about selling the property. Typically it's an easement or perpetual servitude rather than the real property.
The Rabbi is right, upon termination you want those guys to remove everything. Foundation, pad....everything. I disagree about the piddly amount. If they need the coverage they'll pay. I'd also address them adding carriers. They will add them at some point and I would have some escalators built in for when they do. The value depends on the size and range of the tower.
Stateu1 is right about selling the property. Typically it's an easement or perpetual servitude rather than the real property.
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Just today was told by a radio station that I handle IT for that they were offered $2,500 a month to let a tower company out of Atlanta put cell antennas on their tower. Of course, that was with a tower already built. I've heard as little as $500 a month for land lease, all the way up to $1,500 a month for land lease for a tower site.
You need to
issue an easement to them, and do not use their outgrant document bc there will most assuredly be no protections to you.
In it, there should be a clause stating that upon termination, all lands shall be returned to a prior existing condition to YOUR liking.
Also, I would have a clause stating that prior to any/all work and before any site visits for maintenance (or whatever) you are to be contacted for coordination, etc....unless you don't care.
issue an easement to them, and do not use their outgrant document bc there will most assuredly be no protections to you.
In it, there should be a clause stating that upon termination, all lands shall be returned to a prior existing condition to YOUR liking.
Also, I would have a clause stating that prior to any/all work and before any site visits for maintenance (or whatever) you are to be contacted for coordination, etc....unless you don't care.
We've had property we have lease to them for years and then subsequently sold to them. The more carriers they can put on them, the more they bring.
$600/month sounds pretty good for you having to do absolutely nothing to get it. But ... they'll need access to the tower to build it and maintain it. Are they going to destroy anything valuable in doing so?
$7200/year assuming they need an acre, is an enormous annual revenue stream compared to the same acre being used to grow timber or row crops (excluding "herbal" crops). Maybe not if it's prime road frontage or has development potential. If the company offering agrees to remove all remnants and reclaim the property upon lease termination, it sounds like a no-brainer to me.
Dont forget the increase in insurance ...ie liability.....keep in mind towers represent a tempting target for kids to climb on......
I am telling you from personal experience. Deal with the owner of the tower. Don't be suckered in by companies like AP Wireless. They are third party. Again deal with the owner of the tower. The tower owner will receive between 18K to 20K a year per cell company. The tower is just a plat form. You can tell how many cell companies are using the tower by the number of group of four antennas going around the tower. You can charge them for the land what you want but remember if you get too high they will move it. Don't get screwed by some third party offering a lot of money up front. It will cost you in the long run. My parents and me will lose 100 of thousands of dollars over a 40 year period.
Ask for 12K per year per company. That is pretty much what they are going to pay. In my case I only get around 6000 per year per company. AP Wireless is getting the rest and the 10 acres has a 99 year lease and have a easement on the remaining 200 acres that no other tower can be built.
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Except for when the warning lights go out on it and you have to pay some dude to come from lafayette or Atlanta to fix or replace them.
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