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To build a cell tower and connect to major carriers' networks, you would need to secure the necessary permits and licenses from local and federal authorities. You would also need to purchase or lease land for the tower and the equipment required for the tower and backhaul network.
To place a tower on a piece of property, Verizon enters a ?ground lease? or ?land lease? with the landowner that allows them to use the property for a fixed amount of time. In other cases, Verizon may negotiate a ?collocation? lease to attach equipment to a cell tower owned by another party.
It is important to do your research and understand the market rates for cellular tower leases in your area. Additionally, it is important to be flexible and open to compromise during the negotiation process. Working with a cell tower lease consultant can also be helpful in securing the best possible lease agreement.
When it comes to a physical site, they want plenty of space. Usually, at a minimum, they need 1000 square feet, but can ask for as much as 10,000 square feet. They sublet the space and use it for expansion. The site needs to be close to a main roadway for easy access.
Cell tower leases can be a great source of income for landowners. The towers have a relatively small footprint on the land and can provide monthly income of $1,000 or more. Additionally, and in some cases most importantly, having a cell tower can increase cell service quality and dependability.