Lease of Water Tower Space for Cellular Antenna
Definition and meaning
The Lease of Water Tower Space for Cellular Antenna is a legal document that establishes an agreement between a lessor (the property owner) and a lessee (the cellular company) regarding the usage of space on a water tower for installing cellular antennas. This lease details the terms under which the lessee can place and maintain their telecommunications equipment on the tower, ensuring compliance with local regulations and safety standards.
Key components of the form
Understanding the essential elements of this lease is crucial for both parties involved. The primary components include:
- Leased Premises: This specification identifies the exact location on the water tower being leased.
- Term of Lease: This section outlines the duration of the lease, typically starting with an initial term and options for renewal.
- Rent: Details of the annual rental payments the lessee is obligated to make.
- Legal Compliance: The lessee must adhere to all federal and local regulations, including those set by the Federal Communications Commission (FCC).
Who should use this form
This lease agreement is designed for entities looking to install cellular antennas on water towers. This includes:
- Telecommunications companies planning to enhance their mobile coverage.
- Property owners or municipalities needing to lease space on their water towers.
- Legal representatives managing or overseeing telecommunications agreements.
Common mistakes to avoid when using this form
When completing the Lease of Water Tower Space for Cellular Antenna, several common pitfalls can occur:
- Ignoring regulatory requirements: Always ensure compliance with FCC guidelines and local zoning laws.
- Incomplete information: Failing to provide all necessary details about the premises can lead to legal disputes.
- Neglecting to notify the lessor: If you plan to bring in contractors or make alterations, prior approval is typically required.
What documents you may need alongside this one
When preparing the lease, multiple documents might be necessary for a comprehensive overview:
- Existing property agreements that could affect the leasing terms.
- Copies of the lessee's FCC licenses.
- Documentation verifying the lessee's authority to operate on the leased premises.
Legal use and context
The legal framework for this lease falls under real estate and telecommunications law, binding both parties to adhere to applicable federal, state, and local laws. This lease helps in managing the rights and responsibilities of each party, thereby preventing disputes related to property use and maintenance responsibilities.
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FAQ
On average, property owners leave approximately $852,000 on the table over the life of the lease. Contact a cell tower lease negotiation expert to work on your behalf in order to get the highest value possible.
Cell tower leases could pay out anything from $10 per month for small niche carriers to more than $10,000 a month with the larger companies. Typical cell tower lease rates from a major management company could hit around $15,000 a month depending on location and space.
U.S. Cellular Coverage Vs AT&T U.S. Cellular's primary network covers 10.27% of the contiguous United States while AT&T's network, which is the second-best in the country, covers 68%. Again, U.S. Cellular partners with AT&T to provide customers with quality coverage.
The buyout offer for your cell tower lease will not equal what you could potentially stand to make in the long term (if all goes right), but selling is the only sure way to hedge your risk. Whichever way you go, ensure that you have all the facts necessary to make a well-informed decision.
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The rectangular antenna, sometimes called a panel antenna or radio antenna, is the one used to transmit and receive waves or data between mobile phones or other devices and the BTS (base transceiver station).
In a publication for investors, American Tower explains that a cell tower with three wireless companies as tenants can have $60,000 in annual revenue against $14,000 in expenses, for a gross profit margin of $46,000, or 77 percent.
The regional operator serves about 5 million wireless customers across its 21-state footprint and owns 4,246 towers, representing 63% of its total cell sites. It has 1,870 colocators.