Dito Cell Tower Lease Agreements: What You Need to Know
Dito Telecommunity, also known as Dito, is a telecommunications company based in the Philippines that offers mobile, fixed-line, and broadband services. Since its launch in 2019, Dito has aimed to provide faster and more reliable telecommunications services to its customers.
To achieve this goal, Dito has invested heavily in building its own network infrastructure, including cell towers. The company has signed agreements with property owners all over the Philippines to lease their land for the construction of cell towers.
If you are a property owner who has been approached by Dito or any other telecommunications company for a cell tower lease agreement, here are some important things you need to know:
1. The lease agreement is a legal contract.
A cell tower lease agreement is a legally binding contract between the property owner and the telecommunications company. It outlines the terms and conditions under which the telecommunications company can use the property to construct and maintain a cell tower and related equipment.
Before signing any agreement, it is important to read and understand all the terms and conditions. It is also advisable to seek legal advice if necessary.
2. The lease agreement is for a long-term commitment.
Cell tower lease agreements typically have a long-term commitment, often ranging from 10 to 30 years or more. It is important to consider the long-term implications of such a commitment before signing the agreement.
3. The lease agreement includes rent payments.
The property owner will receive rent payments from the telecommunications company for the use of the property for the cell tower. The amount of rent will depend on various factors, including the location, size, and market demand for cell tower sites in the area.
4. The lease agreement may include revenue sharing.
In some cases, the lease agreement may include revenue sharing between the property owner and the telecommunications company. This means that the property owner will receive a percentage of the revenue generated by the cell tower, in addition to the rent payments.
5. The lease agreement may include terms for renewal.
Cell tower lease agreements may include terms for renewal at the end of the initial lease term. It is important to review these terms and decide whether or not to include them in the initial agreement.
In conclusion, a cell tower lease agreement is a long-term commitment that requires careful consideration and legal advice. As a property owner, it is important to understand all the terms and conditions, including rent payments, revenue sharing, and renewal options, before signing the agreement. With this knowledge, you can make an informed decision that is best for your property and financial goals.