Individuals that own land often know they can lease their land for various uses. These days, few endeavors are more popular than cell tower leases. Unused land can often accommodate a cell tower, which wireless service providers rely on for their networks. An individual land owner can boost the reception in a local area and profit from doing so. Cell tower land lease rates vary from location to location.
Nonetheless, areas in demand can produce somewhat lucrative lease agreements. The most in-demand areas will fetch much higher annual payouts for obvious reasons. Negotiating a lease agreement doesn’t require much effort, but lessees should exercise caution. Otherwise, few opportunities for passive income can prove so simple. The tower gets installed on the land, and then the contract may be renewed as expiration comes closer. Many people make money through this setup.