It is impossible to answer, with anything close to a specific dollar amount, the question of how much to charge a telecommunications company for a lease to enable it to construct a cellphone tower on land that you own. Lease rates can vary by thousands of dollars per month, and they depend upon a number of factors.
The best advice for determining a proper lease rate is to contact a professional to assist you in determining the value of your land as a cell tower lease site and how much a telecommunications company is likely to be willing to pay for a lease. The rapid, ongoing expansion of cellphone service and the increasing need for towers to provide adequate coverage has made leasing land or rooftop space on either private or commercial property to telecommunications providers such big business that there are consulting firms that specialize in advising real estate owners in this regard. Additionally, there are attorneys with substantial experience in putting together this type of land lease contract.
Some of the primary factors that influence how much you can receive from leasing land or rooftop space to a telecommunications company to build a tower are as follows:
As in most real estate transactions, location is a major factor influencing price. If you live in a sparsely populated rural area where there are many similar landowners for the telecommunications company to negotiate with, the lease rate you can get will be considerably lower than what can be obtained if your property is in, or near, a major metropolitan area.
Cell towers operate most efficiently at high elevations – so much so that, in urban locations, telecom companies have even arranged rooftop leases with churches offering highly elevated rooftops. If you happen to own land on top of a high mountain, this can command a premium.
Revenue Sharing From Subleases
Telecommunications companies commonly sublease use of their towers to other providers. There should be a clause in your lease that pays you a percentage, commonly ranging from 10 to 30%, of any such arrangements.