Cell Tower Lease Rates varies and can be financially beneficial for landowners. A written contract between a wireless company and a property-owner is required. The agreement states that the telecommunication company is to pay the landowner for placing a cell tower on their property for a certain amount of time. Often, the rental agreement is setup for monthly or annual payments. These types of leases can produce a lucrative income for some landowners. There are two cell tower leases. One is a rooftop lease agreement and the other is a ground lease agreement. In some cases, these types of leases can generate thousands of dollars of income per month for landowners. The telecommunication business is on the rise and the need and demand for these types of agreements are sure to increase, which can be a profitable business venture for many landowners.