Land owners are always looking for ways to make their properties more productive. Those in rural areas might expand their farms to increase their harvests. Meanwhile, those in urban areas might have other companies lease the land to build their own structures. Existing buildings can also lease space for residential or commercial purposes. With the continuous surge in mobile technologies, carriers are looking to lease spaces for their cell towers. This could be a good opportunity for land owners who enjoy strategic locations. Below are just some of the perks of a cell tower land lease:
Long-term Passive Income
Owners simply need to agree to provide the space for equipment. The carriers will take care of the equipment and any other structure that needs to be built to house them. Since the installation can be a substantial sum, it makes sense to create a long-term agreement that would maximize the returns for both parties. This means that land owners can look forward to years of passive income from this contract. It’s always nice to get a recurring payment without having to perform extra work, especially for those who are planning for retirement.
Increased Property Value
Since the land is earning on its own, the property will increase in proportion to the likely lifelong payments. Whether you are planning to sell the land soon or not, it’s good to know that it can command a higher price in the market just in case you want to sell it to others. Consider offers as they come with this in mind. Don’t make a decision until you go through the computations and compared offers. You could probably get more than you think you can.
Strong Signal and Fast Connection
If you live near this property, then you will definitely enjoy the perks of proximity. You will have the strongest signal in town. This means having the fastest and most reliable wireless Internet connections. Hopefully, there won’t be much trees or hills getting in the way. You can use a high antenna yourself to bypass the obstacles and get a direct line of sight. Your downloads will be completed faster even if you are dealing with large video files. Streaming services will not be encumbered by lags.
Buyout Options for Emergencies
If ever you sudden need money for emergencies, then you have the option to consider cell tower land lease buyout offers. These can provide you with a large lump sum for immediate gratification instead of waiting for the small monthly payments across the years.
