Sun. Jun 16th, 2024

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What Is A Cell Tower Lease?

Cell towers are used to provide cellular phone and internet data coverage for a given area. A cell tower lease represents an agreement between a cellular provider (such as a phone company) and a person who has space available to install cellular communications equipment (usually in the form of a cell tower) on their property. The agreement allows the cellular provider to install and operate this equipment on a property owner’s land or building in exchange for a rental fee.

With the advent of the G5 mobile standard additional cell towers will be required to provide needed bandwidth for new consumer services that the standard enables. This means that cellular providers will need to find many additional private and public sites on which to install cell towers.

The rental rates paid can vary substantially depending on the type of lease agreed, how critical the cell tower is in the area and whether there are other options for its placement.