Legal Term
Cell Tower Ground Lease Royalty Percentage
Legal Definition
The agreed-upon percentage of gross revenue or a fixed payment that a cellular carrier or lessee pays to a landowner or lessor for the right to install, operate, and maintain a telecommunications tower on the leased premises, as specified in a ground lease agreement.
In Plain English
The share of money you get paid when a cell company uses your land for their tower. It's usually a percentage of what they earn from that tower, and you negotiate this rate when signing the lease.
Example in a Contract
Section 4.2: Royalty Calculation. Lessee shall pay Lessor a quarterly royalty equal to 3.75% of all Gross Revenues derived from the Cellular Tower situated on the Leased Premises, with 'Gross Revenues' defined as all income from carrier colocation, equipment rentals, and related services, payable within 30 days of each quarter-end.
This content is for informational purposes only and does not constitute legal advice. Always consult a licensed attorney for legal matters.