Maryland Lease of Water Tower Space for Cellular Antenna: A Comprehensive Guide Introduction: The Maryland Lease of Water Tower Space for Cellular Antenna is a legally binding agreement between a property owner or water tower owner (lessor) and a cellular service provider (lessee) for the purpose of allowing the lessee to install, maintain, and operate cellular antennas and related equipment on the lessor's water tower. This arrangement enables the cellular service provider to improve network coverage and quality while providing the lessor with an additional source of income. Key Elements of the Maryland Lease of Water Tower Space for Cellular Antenna: 1. Parties Involved: The lease agreement identifies the lessor, who owns the water tower, and the lessee, which is typically a cellular service provider seeking space for their antennas. These parties must be legally capable of entering into a binding contract. 2. Term and Renewal: The lease specifies the duration of the agreement and includes provisions for renewal options. Typical terms range from five to twenty-five years, with the option to extend the lease beyond the initial term. 3. Lease Payments: The agreement outlines the financial aspect of the lease, including the amount and frequency of lease payments to the lessor. These payments are often structured as fixed monthly or annual rent, which may include annual escalations. 4. Antenna Installation and Maintenance: The lease addresses the responsibilities of both parties regarding the installation, maintenance, and removal of cellular antennas and associated equipment. It outlines the lessee's obligations to ensure proper installation and timely maintenance while minimizing any disruption to the lessor's property. 5. Insurance and Liability: The lease describes the insurance requirements for the lessee, ensuring that they maintain appropriate coverage to protect against damages or injuries resulting from the installation and operation of the cellular equipment. It also clarifies liability and indemnification provisions in case of any legal disputes. 6. Termination Clause: The lease includes conditions that allow for early termination by either party, such as breach of contract, non-payment, or mutual agreement. It outlines the required notice period and any penalties associated with termination. Types of Maryland Lease of Water Tower Space for Cellular Antenna: 1. Ground Lease: In a ground lease, the cellular service provider leases a designated area of land near the water tower to install the cellular antennas and associated equipment. This arrangement does not require direct attachment to the water tower structure. 2. Roof Lease: A roof lease involves the installation of cellular antennas and related equipment on top of a building or structure adjacent to the water tower, rather than directly on the water tower itself. 3. Co-location Lease: A co-location lease allows multiple cellular service providers to vertically stack their antennas and equipment on the same water tower. This arrangement maximizes the use of available space while providing each lessee with their designated area. Conclusion: The Maryland Lease of Water Tower Space for Cellular Antenna is a mutually beneficial arrangement that allows cellular service providers to expand their coverage and capacity while providing property owners with an additional source of income. This comprehensive guide has outlined the key elements of the lease, including the parties involved, lease payments, antenna installation, insurance, and termination clauses. It has also mentioned different types of lease arrangements, such as ground leases, roof leases, and co-location leases. Before entering into any lease agreement, it is essential to consult legal professionals to ensure compliance with Maryland laws and regulations.
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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 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. There are some disadvantages from cell tower leases for some property owners.
On average, a cell tower generates $68,700 in revenue per year, and the monthly subtenant/co-locator (person whose property the antennae goes on) is paid $1,880-$2,874 per month. Property owners are woefully underpaid for their leasing their land.
Finding out is fairly easy: Simply call your city/ county zoning office and ask about the requirements/ prohibitions for a cell tower on your land specifically on your land. You may be directed to a zoning map of your area, which shows zoning codes for the entire city or county.
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.
How much do cell phone tower leases pay? Cell phone tower lease rates vary greatly from well over $45,000 per year to only $100 per year. Rent is determined by a number of factors including location, population density, network needs, & construction limitations.
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.20-May-2015
While many still do, a growing share of the business is going to towercos, which primarily generate revenue by leasing space on their communication sites to wireless carriers and other tenants. Lease contracts vary, based on such factors as tower location and capacity, and space, weight and position on the equipment.
On average, a single tower can collect $1,000 per month for a single tenant. Additional operators (up to four) are pure profit.