Finalizing Cell Phone Tower Leases—Nothing Simple About It

What is the ideal duration of a cell tower lease? Should you opt for a lease that will be renewed every 12 months? Or do companies finalize cell phone tower leases only if it is a long-term transaction? What are the legal implications of finalizing a long term lease? Should the contract be registered with the authorities? Who should pay the stamp duty applicable on such a transaction?

These are just some of the questions that you will face when negotiating with the cell phone company when letting out space in your property for the cell tower. The worst part is that you cannot expect the company to provide impartial and unbiased advice. They may try to gull you into finalizing a deal that’s not the best one for you. Keep this risk in mind when you try to finalize the deal on your own.