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.

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.