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Wayleave. A wayleave is a contractual agreement between a landowner or landlord and a telecommunications provider, where the landowner grants the network provider a licence with the right to access land and/or property, to install and/or maintain electronic communications apparatus.
Wayleaves generally only give contractual rights (i.e. unlike an easement) and so aren't treated as 'dispositions' of land and are personal between the contracting parties. Most can be terminated by giving notice normally quite a long notice period of around six 12 months but can last for many years.
This agreement comes in the form of an Access Licence which legally grants the owner undertaking the work, access onto the neighbouring owner's land for a specified period of time subject to a number of considered conditions.
An access agreement allowing a property owner to temporarily access another owner's adjoining property and use the adjoining property for the benefit of its own property. An escrow provision is included in this Standard Document since the scope of the access and use may require funds to be held in escrow.