Why Phone Mast Rents Are Being Reduced & What It Means for Landlords

Why Phone Mast Rents Are Being Reduced

These large corporations are earning millions of pounds a year profit off the land/buildings you are supplying as Phone Mast sites. The Phone Mast Advice Company Ltd can help you fight back.

Earlier this year, the Digital Economy Act was passed, which seeks to improve and expand the UK’s telecoms infrastructure. The aim is to make them cheaper to run via decreasing rents and permit sharing and upgrades at no additional cost. It doesn’t take a genius to realise any gain for the operators is a loss for landlords. This is confirmed in a recent government article dated the 19th of October 2017 by the Department for Digital, Culture, Media & Sport in which The Rt Hon Matt Hancock MP states the changes to the UK’s Electronic Communications Code will:

• Bring down the rents telecoms operators pay to landowners

• Make it easier for operators to upgrade and share their equipment with other operators to help increase coverage

• Make it easier for telecoms operators and landowners to resolve legal disputes.

The new Code will be accompanied by a Code of Practice, prescribed forms and standard terms to be used in agreements under the new Code. There will be a period of uncertainty as the new version of the Code comes into force and settles down into practice. Operators will no doubt try and target landlords that do not take professional advice, as we have seen in the past.

The Government reformed the Code through the Digital Economy Act, which received Royal Assent in April. The supporting regulations laid in Parliament today will bring the new Code into force, which is expected to take effect in December 2017.

However, with any new law, there are always grey areas. The Phone Mast Advice Company Ltd has already identified weak points in the legislation which can be used to benefit the landowner.

IF YOU RECEIVE ANY CORRESPONDENCE FROM ANY OPERATORS WANTING TO REDUCE YOUR RENTS, YOU SHOULD CONTACT US TODAY WITHOUT DELAY. READ THE FULL GOVERNMENT ARTICLE HERE: www.gov.uk/government/news/reforms-to-boost-uks-digital-infrastructure

Related Services

If you need expert advice on the topics discussed in this article, our specialist surveyors can help:

• Phone Mast Rent Reviews

• Get a Free Rent Estimate

• Get a Free Lease Check

Call us on 01691 791543 or contact us online for a free consultation.