Sublease Agreements on Wireless Tower Lease

Sublease Agreements on Wireless Tower Lease Wireless tower lease agreements often include the clause of sublease. This allows the tenant to lease out the hired property to a third party. Thus the tenant gets to make more money by further leasing the... More

Sublease Agreements on Wireless Tower Lease Wireless tower lease agreements often include the clause of sublease. This allows the tenant to lease out the hired property to a third party. Thus the tenant gets to make more money by further leasing the property out to other vendors or carriers. Such agreements can leave the land lord out in the cold. It deprives the property owner of a legitimate share. No landowner would want to do away with his share of income. But they are deprived of their share because of ignorance. Tower companies never reveal whether the property owner is due for compensation for a sublease. What most carriers do is to make the landowner sign a letter of consent without letting him know that he is under no obligation to put his signature. If you are leasing your property out to a cell tower company or renegotiating a deal it is important to address the question of sublease. It is ideal for the agreement to include the clause that the cellular tower compan Less