Factors to Consider in Cell Tower Leasing and Buyouts Agreement Contract
At all times the private properties are the ones used by the wireless carrier companies to build their cell towers. Wireless companies therefore have the task of identifying property owner who are able to allow them build their cell tower on their private property. An agreeable amount of money is agreed upon when the property owner allows for the company to build their tower and this therefore is referred to cell tower leasing and buyouts. An agreement contract has to therefore be settled by both parties so that each of them have an idea of what role they play within the cell tower leasing and buyouts.
Primarily a long-term relationship between the wireless company and the private company owner given the nature of the cell tower leasing and buyouts contracts. The duration in which the relationship is going to last has to be clearly started in the agreement contract. In order to curb any monetary conflict that may rice, it is necessary for the agreement contract to state what amount of money the wireless carrier company is obligated to pay to the private owner rent. Various factors are therefore put into consideration in calculating the amount of money that the wireless carrier company is supposed to pay.
Consequently, the wireless carrier company has to ensure that there is a termination clause in the contract of the cell tower leasing and buyout contract. This basically ensures that incase the site is not suitable for the cell tower to be built due to occurrence of some problems such as loosing of permit to operate, then the carrier company is able to pull out. The wireless carrier companies therefore minimize the risk they might get in if they continue with the contract.
Consequently, the major goal of wireless carrier companies is that they are able to satisfy the service needs of its customers. According to them this can be easily achieved by them being given the chance of accessing the premises almost frequently every week. The idea that the wireless carrier company of frequently visiting the premises might pose as a challenge since it might interrupt the ongoing operations in the building. It is therefore relevant for the property owner and the wireless carrier company to have a clear agreement of what time the carrier company may be able to check it cell tower with minimal or no interference at all to the ongoing business operations.
In conclusion, in order to ensure that the agreement contract is legal binding, it is important to seek for an expert in the field. The services of a lawyer is therefore highly needed to foresee the signing of the contract. The responsibilities stated for either parties are therefore fully accomplished.