ADD UTILITY INFRASTRUCTURE
TO YOUR PROPERTY

Leasing your property to a wireless carrier can be a lucrative arrangement if you have a location that is suitable for the installation of cell towers or other wireless infrastructure. Here are the steps to lease your property to a wireless carrier:

1. Evaluate Your Property: First, assess your property to determine if it has the attributes that would make it appealing to a wireless carrier. This includes factors like location, height, accessibility, and zoning regulations. Carriers typically look for elevated sites with good coverage potential.
2. List Your Property: Add your property to the SiteBid directory for free. Just share a few property details to get your site listed and begin exposing your property to potential tenants and investors.
3. Market your Listing: Utilize our marketing syndication platform and we’ll build a customized offering memorandum for your property which you can share with interested parties. We’ll send your listing directly to decision-makers at over 50 wireless carriers, infrastructure developers, and utility companies. You’ll receive direct responses from companies interested in leasing your site.
4. Consult with Professionals: Consider consulting with professionals like real estate agents, attorneys, or consultants who specialize in wireless lease agreements. They can help you navigate the complex negotiation process and ensure you get a fair deal.
5. Appraisal and Site Survey: A wireless carrier may conduct a site survey and appraisal of your property to assess its suitability. They will evaluate factors like terrain, height, access, and existing infrastructure to determine its value for their network.
6. Negotiate Terms: Negotiate the terms of the lease agreement with the wireless carrier. Key considerations include the duration of the lease, rental rate, escalation clauses, maintenance responsibilities, and any restrictions or conditions imposed by the carrier.
7. Legal Review: Have the lease agreement reviewed by a qualified attorney with experience in wireless leases. They can ensure that the terms are fair and legally sound.
8. Insurance and Liability: Ensure that the lease agreement includes provisions for insurance coverage and liability protection. Wireless carriers typically require property owners to carry liability insurance to cover any accidents or damages related to the wireless infrastructure.
9. Permits and Zoning: Work with local authorities to obtain any necessary permits and ensure that your property complies with local zoning regulations for wireless infrastructure.
10. Installation: Once the lease agreement is signed and all necessary approvals are obtained, the wireless carrier will proceed with the installation of their equipment on your property. This may include the construction of a cell tower or the installation of antennas and other equipment.
11. Rent Payment: Receive regular rent payments from the wireless carrier as stipulated in the lease agreement. Payments may be made monthly, quarterly, or annually, depending on the terms of the agreement.
12. Maintenance and Compliance: Ensure that you and the wireless carrier fulfill your respective maintenance and compliance obligations as outlined in the lease agreement.
13. Termination and Renewal: The lease agreement should specify conditions under which either party can terminate the agreement and the process for renewing it when it expires.

Leasing your property to a wireless carrier can provide a steady stream of income, but it’s important to approach the process carefully and with professional guidance to ensure you get a fair deal and protect your interests.