While cell tower lease is a great way to earn significant side-income for landowners, they come with their set of advantages and disadvantages. For example, once you give your property to a cell tower company, the contract will usually last several years. This is both good and bad.

Tower Genius, a premium cell tower consultation company has shared the most obvious pros and cons of cell tower leases below with a good look at cell tower leasing rates in 2020.

Pros of Cell Tower Leases

Significant Side Income

An average cell tower lease will generate anything from $900 – $1,000 per month depending on how good you negotiate. This rent gradually increases by 2-3 percent every year, adding more to your yearly revenue. 

No Maintenance Required

So you’ll never have to worry about repairs, upgrading the property or spending any money on it as long as the lease remains.

Maximum Use of the Space

A cell tower company requires about 50 -150 square feet of space on the top of your property and the rates are almost similar to the full site being offered.

Cons of Cell Tower Leases

Very Long Term Commitment

As a result, you’ll be stuck with the company for a very long time to come and you won’t be able to use your property for anything else.

Hidden Costs

Moreover, a rise in insurance cost of the land is also possible during the term since you allowed the construction of a tower on the property. This is why when you sign a contract, make sure these additional expenses are also covered by the cell tower company.

Need Help?

You will also have to negotiate for the cell tower leasing rate which is determined using various factors. If you’re not sure what your property is worth, contact Tower Genius today and let us help you find the true value of your land and the rate you should be getting.