Cell Phone Towers

#1

CagleMtnVol

Well-Known Member
Joined
Mar 9, 2008
Messages
22,044
Likes
32,852
#1
Has anyone had a connection or experience with cell phone tower leasing? I guess that's what you would call it?

My parents have been approached about having a tower put up on their property. While my mother really isn't for it the money would come in handy.

Anything in particular they need to ask about?

What is the usual/average monthly payment? Should they try to negotiate for more than the first offered?
 
#3

malinoisvol

1 in a thousand
Joined
Sep 16, 2014
Messages
74,822
Likes
53,518
#3
Has anyone had a connection or experience with cell phone tower leasing? I guess that's what you would call it?

My parents have been approached about having a tower put up on their property. While my mother really isn't for it the money would come in handy.

Anything in particular they need to ask about?

What is the usual/average monthly payment? Should they try to negotiate for more than the first offered?
To give you a ballpark idea on requirements.
https://www.celltowerleaseexperts.c... tower ground lease,the duration of the lease.
 
Likes: CagleMtnVol
#5

walkenvol

Well-Known Member
Joined
Oct 5, 2012
Messages
9,843
Likes
13,469
#5
Don’t sign a lease that gives the tower “builder” unlimited rights on whom they lease tower space. Mom should get more pay for each company (Verizon, AT&T, Sprint, etc) that transmits from the tower. Personally, if she doesn’t need the money I’d tell them to kick rocks if it’s on property with any value as it will inhibit your ability for future development
 
#6

Go aeiou

Well-Known Member
Joined
May 27, 2015
Messages
1,941
Likes
1,227
#6
Don’t sign a lease that gives the tower “builder” unlimited rights on whom they lease tower space. Mom should get more pay for each company (Verizon, AT&T, Sprint, etc) that transmits from the tower. Personally, if she doesn’t need the money I’d tell them to kick rocks if it’s on property with any value as it will inhibit your ability for future development
Kills developement. We have 250 acres and a perfect ridge for a tower. It just has the potential to do more harm than good. Someone who might buy all of it will write off the property if it has tower on it.
 
#7

CagleMtnVol

Well-Known Member
Joined
Mar 9, 2008
Messages
22,044
Likes
32,852
#7
Don’t sign a lease that gives the tower “builder” unlimited rights on whom they lease tower space. Mom should get more pay for each company (Verizon, AT&T, Sprint, etc) that transmits from the tower. Personally, if she doesn’t need the money I’d tell them to kick rocks if it’s on property with any value as it will inhibit your ability for future development
Kills developement. We have 250 acres and a perfect ridge for a tower. It just has the potential to do more harm than good. Someone who might buy all of it will write off the property if it has tower on it.

It's the family farm and hopefully will never be developed for the foreseeable future.

The location is in the corner of a field.
 
#9

Firebirdparts

Best tackle for his weight the old school ever had
Joined
Sep 13, 2014
Messages
2,553
Likes
3,957
#9
My folks are the same. Would never sell, great location for it, on the high ground nobody ever wants to go to. A lawyer friend and I marked up the contract and mainly just asked for more money. I don't really live a fear-based life, and they don't either, so they were very willing to have the dough and the tower. But anyway I think we asked for too much, but I haven't seen a new tower on some other hill, so maybe not.
 
#11

CagleMtnVol

Well-Known Member
Joined
Mar 9, 2008
Messages
22,044
Likes
32,852
#11
My folks are the same. Would never sell, great location for it, on the high ground nobody ever wants to go to. A lawyer friend and I marked up the contract and mainly just asked for more money. I don't really live a fear-based life, and they don't either, so they were very willing to have the dough and the tower. But anyway I think we asked for too much, but I haven't seen a new tower on some other hill, so maybe not.
10 to 15 years ago they were asked by Nokia. When they were in there heyday sponsoring NASCAR & the Sugar Bowl. Nothing came from that and never heard anything from them again.

They looked at a spot roughly 800-1000 yards from where this company is looking at.
 
#13

Go aeiou

Well-Known Member
Joined
May 27, 2015
Messages
1,941
Likes
1,227
#13
From a residential Developer's point of view: If the tower will be very close and very visible a significant number of potential customers will not buy for one reason or another. I don't think hardly anyone fears them for health reasons, but people believe about any thing these days. People just want their new neighborhood to be perfect, and they fixate on anything that they consider unattractive. If the tower is on a ridge above a new community in the valley it probably will not be a problem for most people.
I would not want a tower in the corner of a field which will be very visible to homes in the future, but if they want the $ go for it. I don't think it is as objectionable as something that stinks(pig farm) or noisey(manufacturing, auto repair, shooting range).
 
#17

CagleMtnVol

Well-Known Member
Joined
Mar 9, 2008
Messages
22,044
Likes
32,852
#17
From a residential Developer's point of view: If the tower will be very close and very visible a significant number of potential customers will not buy for one reason or another. I don't think hardly anyone fears them for health reasons, but people believe about any thing these days. People just want their new neighborhood to be perfect, and they fixate on anything that they consider unattractive. If the tower is on a ridge above a new community in the valley it probably will not be a problem for most people.
I would not want a tower in the corner of a field which will be very visible to homes in the future, but if they want the $ go for it. I don't think it is as objectionable as something that stinks(pig farm) or noisey(manufacturing, auto repair, shooting range).
There will be no new homes on this property as long as it's owned by my family.
 

VN Store




Top