Companies who want to put cell towers at different places require cell tower lease arrangements. For instance, the telecommunication industry often requires towers at various locations and look out for suitable properties to place their setup.
A lease is a contract for a rental system that will require the landowner and the cell tower company to reach an agreement. A standard lease will allow the cell tower company access to the landlord property to install the tower, access it, and do regular maintenance for a specific period. The duration of the lease can be anywhere from 1 year onwards, and the cell tower company will pay rent to the landlord on agreed terms. The mutual agreement is beneficial for both parties. Companies will find good assets to set their towers, whereas the landlord will get income in the form of rentals.