More and more landowners continue to hear about cell tower leasing. It’s a simple and straightforward agreement between landowner and business. After coming to an agreement, one or more cell towers are installed at a location. The owner of the land then receives a regular payment from the leasing company. Both parties benefit as the tower provides better coverage in a given area. In some cases, landowners stand to make a large sum.
With a cell tower lease, passive income becomes a true possibility. The right contract puts money in a landowner’s pocket each month. Such agreements work especially well for land that’s not currently being used. Typically, contracts range from five to ten years or longer. Owners shouldn’t rush into a contract without finding an agreement amenable to their own goals. These leases continue to grow in popularity as wireless carriers’ needs grow.