Cell phones are some of the most popular tools for communication in the modern era. People all across the country are rejecting home phones for cell phones, and as a result, there is an increased need for cell towers. Many cell phone companies are asking property owners to place cell towers on their roofs, but is it a good idea to accept these offers? Here’s what you should know if you’re considering a rooftop cell tower lease.
Cell tower leases are an easy way for property owners to earn passive income. While the exact amount a person will make may vary depending on the specific terms of the agreement, it’s certainly attractive to be making money without doing any kind of work.
The presence of a cell tower may also cause a property’s value to go up, making the owner a greater profit if they choose to sell it. As an additional benefit, having a cell tower on your roof will naturally lead to better reception.
However, some property owners may not want to install a cell tower on their roof because it looks visually unattractive. Some people also believe that living under a cell tower comes with health risks, although there is little evidence to back up these claims.
Cell tower leases can be highly beneficial for many property owners, but they are not for everyone. Be sure to weigh all the pros and cons before agreeing to one.