Cell towers are going up all over, thanks to the increasing number of people who use cell phones. When a cell company needs a new cell tower, they have to find land for it to sit on. The common way to get this land and to build the tower is to use a cell tower land lease. This is a way for the cell company to use land from a private landowner so that the tower will be available for public use.
What many landowners wonder about the most is how much they can get for a land lease. For a plot of land that is about 100 inches by 100 inches, plus a way to access the plot and easements so that it can be used, a common price for cell companies to offer is about $500 per month. However, if you live in a dense urban area, the rate would be much higher to use this plot of land.
A cell tower land lease can be an excellent way to gain passive income with no effort on your part. Of course, be sure to fully weigh the pros and cons before agreeing to a lease.