This Agreement is entered into by and between a lessor and a lessee. The lessor leases to the lessee a site for placement of a metal guide radio tower transmitter for use by the county on the lessors property. The lessee agrees to indemnify, defend and hold lessor harmless from any and all liability, suits, demands and claims for property damage or personal injury claimed or caused to any person, or any other claim arising directly or indirectly out of the placement, use and operation of the tower. The lessee further agrees to assume defense on behalf of the lessor of any litigation brought against the lessor relating to the tower and pay all costs, expenses, attorney fees and monetary awards incurred by the lessor in litigation.
West Virginia Radio Tower Lease and Indemnification Agreement
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The 3 Most Obvious Pros and Cons of Cell Tower LeasesThe Pros of Cell Tower Leases.Significant Side Income If Done Right.Almost No Maintenance Required.Maximum Use of Unused Space.Cons of Cell Tower Leases.Encumbering Your Property For A Long Time.Hidden Costs Devil's in the Details.Need Professional Help d83dde00 ?
Buyout companies basically make money by buying leases cheaply and then charging a large amount to cell companies to use the tower.
The average cost to build a cell tower is about $175,000, but the cell tower lease can add $600,000 to $1 million or more in value to the property.
Negotiating Cell Tower Leases 5 Tips From ExpertsEmpower Yourself With Knowledge.Always Hammer Out Business Terms First.Rent Will Not Be Calculated On A Per Square Foot Basis.Everything Is Negotiable.Tenant's Have Experts On Their Side, Make Sure You Have Experts On Your Side.
Verizon does not own its own towers, but it independently operates more than 2,000 towers in 2022. Verizon also operates over 4,000 rooftop locations within all 50 states. The company also has leased more than 11,000 towers to American Tower.
For the large tower companies, they have excess cash and need a place to put it. By buying their ground leases, they not only protect their assets (their towers) but they also get to turn an operating expense (lease payments) into a long term capital asset (land rights).
The cell tower lease can pay a property owner anywhere from $100 per month to over $5,000 per month.
The cell tower lease can pay a property owner anywhere from $100 per month to over $5,000 per month.
Cell towers have become a lucrative investment opportunity for real estate investors looking for alternative property sectors. Investors like private equity funds and publicly-traded REITs are building up big portfolios of cell phone towers and rooftop antenna.