If you own a piece of land that is suitable for a mobile phone mast, you may be considering leasing it to a mobile phone mast operator. Here are five things you should know before you do:
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The terms of the lease agreement are crucial. You should negotiate a lease that provides you with a fair rent, adequate notice of any maintenance or repairs, and the right to terminate the lease if you need to use the land for other purposes.
Before the mast is installed, the operator will need planning permission. Ensure that the operator obtains planning permission before you sign the lease, and that they are responsible for obtaining any necessary permits and permissions.
Health and safety:
The operator has a legal responsibility to ensure that the mast is safe and does not pose any health risks to you, your family, or your tenants. You should discuss this with the operator and ensure that the terms of the lease reflect this responsibility.
Rent reviews are standard in lease agreements. You should negotiate a rent review mechanism that provides for periodic reviews, such as every five years. Ensure that the rent review mechanism is fair and reflects the market value of the land.
When signing a lease with a mobile phone mast operator, you should consider the potential for future developments on your land. For example, if you plan to build on the land in the future, you should ensure that the lease provides you with the necessary rights to do so without interference from the operator.
In conclusion, leasing your land to a mobile phone mast operator can provide you with a steady income stream, but it’s important to carefully consider the terms of the lease agreement before signing. With proper negotiation and planning, you can ensure that the agreement is fair and benefits you in the long run.