You have the offer to get a cell tower lease when they are building a cell tower on your property. However, is this something that you should allow or not? There are so many that are wondering if this is worth the money you are getting. Or, if this is a bonus to have a tower build on your land and getting some extra money out of it. With knowing the things that you are giving up versus what you are gaining, you will know if this is something that you should consider doing.
You will be able to gain some extra cash on a long-term basis
This is the main thing why people are considering getting a cell tower on your land. You are going to get money each and every month, for a long time. It can be as long as 90 years. The cell tower lease rates are also great and increasing by the year.
It is financially a great benefit to allow a cellphone tower on your property. You will always have an income for as long as you own the land.
Lowering your land’s value is a possibility
Now, the one thing that you might lose with this type of deal. You have a high possibility to lower the value of your land or property. This can have a huge effect on you in the long run. You will not get the price you wanted when you are planning to sell the land. The cell tower lease will not make up for this type of loss. Even in the long run. Check here!
The longer the tower is active on your land, the lower your land might become. This is something serious that you should consider before you are going to allow them to build and cell towers on your property.
They are doing all the work and give all the capital for the tower to be built
Another thing that you are gaining. You are going to get the money for something that you didn’t spend money on. They are always saying; you need to spend money in order to make money. But, with allowing a cell tower on your property, this is exactly what you are going to get.
You aren’t going to spend a cent in order for the tower to be built. However, you are going to get monthly cell tower lease for as long as the contract states. Making this a great extra income each and every month.
Is this a good or bad thing to allow a cell tower on your property? Some might say yes, while others will say no. There are many that are claiming that the tower can make people sick and gives cancer. However, there isn’t any proof of that speculations. If you want to have some extra money each month, and enjoying the cell tower lease, then this might be something that you will be gaining from. For more information visit: https://smallbusiness.chron.com/far-can-cell-tower-cellphone-pick-up-signal-32124.html