Factors To Consider In Cell Tower Leasing
Use of mobile devices is a common trend in modern times for communication and other day to day engagements. To effectively gain access to mobile services, communication companies must set up cell towers in regions where they operate. To set up cell tower, service provider must seek for among other things space on which the tower will be installed. In this agreement, a landowner agrees to offer a piece of land to set up the tower in exchange for rent that is paid for the agreed period of time.
There are two main types of leases available for communication services provider. Areas where land is available can offer with ground leases and this offers a place where the tower is installed and setup on the ground. In urban areas where there is no adequate land, it is common to have the rooftop leases where the tower is erected on top of a specified building. To overcome common challenges that tall buildings pose in blocking the towers, rooftop installations therefore come as a solution that has capacity to give the best within the urban regions.
One of the important considerations in selecting a cell tower lease location is identification of high grounds. The select location in this regard must ensure the tower is free from any obstructions that may hinder better delivery of services. It further serves to reach a wider majority in the target area. In this regard, there is need to consult with professional and make identification of the best grounds to ensure this is achieved. These may include property agents with adequate knowledge of the surrounding areas and communication experts who determine if the area is fit.
With high competition in communication industry, property owners have heavily increased the cost of leasing property for cell tower installation. This is an important consideration as it affects the overall income of the service provider within the region. A reliable source for information on property rates is the property agents who operate in the select areas.
With each day, the communication industry gives indications of continued growth. To reach out on new markets and make the signals provided stronger, service providers continue to seek for the best plots to install with cell towers. As such popularity of cell tower leasing is a factor that has potential to remain for days and years to come. Service providers must therefore ensure there is adequate research that gives them information on the prevailing property trends when it comes to leasing. The service provider must also ascertain the ability of every new tower to generate adequate returns and ensure network growth.