If you are approached by the cell phone companies with the intention of taking your land so that they can erect a cell phone tower, you will be privileged of receiving some money on a monthly basis for the cell tower leasing. You should first get to know the aspects that will facilitate the amount of money you are going to receive after signing the lease agreement. You need to think of factors like the spot of the cell tower, the size of the cellular company and also how experienced the representatives of that company are. This is actually an investment that can give you money for the rest of your life. These companies are in the business to make more and more profits. You must be cautious of the cellular companies who will tirelessly want to follow you so that they can entice you into wanting you to make some alterations to the agreement you signed about the leasing of your piece of land.An existing lease can be a very precious contract.If you are approached by the company that you have leased your piece of land to erect their cell tower, it is important you first think about the repercussions of any decision you can make. Make sure that you stick to the terms and conditions that you had set at first when signing the contract with the cell tower lease company before signing any other deal that can be costly to you in the long run. There are numerous reasons why a lot of investors likes the business of cell tower leasing. Analyzed below are some of the significant benefits of cell tower leasing to the landowners.
The money streaming to your bank without straining and for a long time is one of the main benefits of this kind of investment. You are probably going to be receiving a lot of money after you have leased your property and this will continue for a long period of time.
You are also going to realize that cellular tower leases are passive.You do not necessarily have to work or invest money.All you have to do is just to sit back and wait without worries for your monthly payments to come.
You are not going to use your resources
with this type of investment, there is no stress of wondering where you are going to borrow the money to start the investment but instead money will start coming your way from the word go; from the day you enter into an agreement with the cell company.