Many property owners have concerns when entering into a new cell tower lease. One concern landowners often have is any liability that would be assumed when signing a cell tower lease. One factor to consider when signing a new lease or renegotiating an existing one is liability insurance. Always make sure your lease states the carrier leasing your land is required to have sufficient liability and property insurance.
Also the insurance terms in your lease should require the carrier to list you as an additional insured under the required policies. If your carrier has subtenants leasing space on the cell tower, those subtenants must also provide umbrella or excess liability insurance. Vertical Consultants can help you protect yourself while getting you the most value for the use of your land. Contact us to take the first step of increasing the overall value of your cell tower lease. Remember, the telecoms have experts working for them, shouldn’t you?
