Mobile technology is a highly competitive sector and consumer demand is growing. This means that telecommunications operators are not only investing in new technology for handsets, but also systems to improve signal transmission.
This relies on them erecting and maintaining a series of masts at strategic locations. Clearly, buying the land or properties that host these masts is impractical. They need to find landlords who are willing to have a mast built, in exchange for a financial return.
If you have land or a building that offers telecommunications companies an attractive location for a mobile phone mast, then you have an opportunity to create revenue. However, it’s not always as straightforward as it sounds, which is why Mast Lease Premiums are important for landlords to consider.
What Is a Mast Lease Premium?
This is a one-off lump sum, provided to landlords in return for the right to receive the site rent from the telecoms operator. It doesn’t change the ownership of the mast location.
The organisation paying you the Mast Lease Premium payment would simply be responsible for collecting rents from the telecommunications company or companies who use the mast installed on your land or building.
In the case of APWireless, we would also provide you with ongoing support and a clear line of communication for any questions you may have, at any time.
Mast Lease Premium Contracts
The terms and conditions of this arrangement would be contained within a legal document, so all parties are clear on what is involved. The contract is then recorded with the Land Registry, adding an extra source of reassurance for landlords and APWireless that their rights are fully protected.
This contract would cover a wide range of eventualities, for example, if the mobile phone mast is decommissioned for any reason.
Having such details laid out in a Mast Lease Premium contract makes everything transparent. It can provide landlords with far less stress when changes do occur.
How Much Would a Mast Lease Premium Be?
The amount offered under the terms of this lump sum payment will depend on a number of things, but it primarily concerns the rent, existing lease terms and location.
Benefits Of a Mast Lease Premium
Entering into an agreement with APWireless to pay you a Mast Lease Premium offers a number of important advantages. One of the most significant is that it frees you from the often complex and risk-laden responsibilities of agreeing and maintaining rental arrangements with telecoms companies.
You are paid that initial favourable amount, and you will not have to pay it back, even if the mast is decommissioned and the rental income dries up. The reasons for agreeing to a Mast Lease Premium can, therefore, be largely summed up in one word – security.
Many landlords also find that having an upfront payment is far better than the trickle of revenue. It could enable you to make a major investment or pay off debts, for example, while freeing you from all the risks associated with the installation.
Lastly, by working in partnership with APWireless, you are in control of the deal, but you benefit from our experience and insights. You have a lot of say about the agreement, but we deal with the rental negotiations and due diligence. As a landlord, it’s money in the bank, with the assurance that someone else is doing the legwork.
