Wednesday, November 21, 2018
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All You Need to Know about Renting Land for Antennas

The operating environment has been changing for many industries and the telecommunication industry is one of the examples that has been having tremendous changes. The truth is every industry is experiencing a lot of challenges with equal benefits when it comes to the use of technology which is the primary cause of the tremendous changes that many industries are experiencing such as the telecommunication industry. For example, the telecommunication industry is under a lot of pressure to ensure that they supply wireless services to the people who are also benefiting from technology. There are many ways of supplying wireless services to the people especially by installing antennas. There is the need therefore to find a land where the antenna can be installed so that people can enjoy the services which is sometimes a challenge for the telecommunication company. If you own properties therefore, you can benefit from them especially if you lease the land to the telecommunication company of which you can give them tender to do so but they can also come to you. Discussed below are some important factors you need to understand when you are leasing land for antenna installation.

It is important to understand the circumstances surrounding the whole process because it is a lease meaning that it is a contract. In the setting of a contract, you are leasing a piece of land and not selling it permanently, there are certain conditions that must be followed which is both for your sake and the sake of the company. For example, there are many types of telecommunication leases and before signing the contract is important that you understand every detail to avoid mistakes that can cause you a fortune.In case you don’t understand anything of the terminologies on the contract, there are companies that can offer professional advice and the best thing you can do for yourself is engage them. You can also equip yourself with important information when it comes to dealing with telecommunication companies although you may not get helpful information therefore the need for additional advice from professional companies.

The price is the other important thing you should know about the contract. It is possible to sell your properties at the fair market value but also there are many factors that can contribute to the amount of money you will get for your properties.For instance, the population within your area will determine the amount of money you get for your properties, for instance, if the location is densely populated, then you can price the properties at a higher rate. The price will also be affected by the type of lease, for instance, there are the ground leases which is different from a rooftop lease. It is important to understand how the payment will be made, annually or monthly, with interest rate or no interest rates.

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