As reported by InsideTowers.com, “the FCC approved the so-called ‘5G Upgrade Order,’ the agency’s latest initiative, headed by Commissioner Brendan Carr, to accelerate wireless infrastructure builds.
- Sets a clear demarcation as to when the 60-day shot clock for local approval begins
- Clarifies which new equipment qualifies for streamlined approval
- Ensures local governments cannot misuse concealment and aesthetic conditions to limit the ability to quickly upgrade concealed infrastructure
- Asks for public comment on what activity related to a modification can occur outside of a wireless site
- Accelerates wireless network builds by clarifying rules for upgrading equipment on existing infrastructure”
What Does This Mean for Existing Cell Tower Leases?
Existing leaseholders can expect an increase in communication from their tower company about colocation and new equipment installations. It’s important to understand your lease agreement before they contact you. For example, the streamlined approval process for new equipment may be great for attracting new tenants, but you need to know if you get additional compensation due to the changes.
Another important note is the activity that can occur outside of the wireless site. You want to get clarification on what that could entail on your land. How will the changes impact your use of the land and or visibility of things like warning signs, especially if you operate a space that’s open to the public.
What Can You Do Now?
The best thing you can do now is to have a cell tower lease expert review your agreement and ensure you are both protected from unwanted activities and compensated for new revenue generated. Our team has negotiated over $465,000,000 in rent. We know the industry and their contracts inside and out. Contact us for a free lease review and consultation.