Vodacom Tower on private property questions.

AstroTurf

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Hi,

Someone I know have vodacom asking if they can put a tower up on the property.

What are the pro's and the cons of this?

Can they negotiate the monthly rental fee as well as the yearly "rental increase"?

Anyone done this?

Health hazards? (I mean real ones not conspiracy nut stuff).
 
Hi,

Someone I know have vodacom asking if they can put a tower up on the property.

What are the pro's and the cons of this?

Can they negotiate the monthly rental fee as well as the yearly "rental increase"?

Anyone done this?

Health hazards? (I mean real ones not conspiracy nut stuff).

Some people get headaches, but this could be placebo...

I'd say do it. It's only a couple grand a month if I remember, but you can pay the bond off faster.
 
Some people get headaches, but this could be placebo...

I'd say do it. It's only a couple grand a month if I remember, but you can pay the bond off faster.

She already owns the property.

They are offering her R4500pm
 
Depending on area/need from them ask for 8k at least

+1

If it is a prime location, and you know that there are no other good locations around the area (land or tall structures), then you have the advantage and should milk them just as much as they milk you.

Things to note: they will be sub-leasing space on the mast/land to other operators, and at some stage will require to expand the area, make sure this is catered for in terms of rental.
 
Depending on area/need from them ask for 8k at least

And they ask his neighbour instead. You don't really have a lot of bargaining power with this.

She already owns the property.

They are offering her R4500pm

That's quite decent. Luxury car payment. Place it in an investment/holiday account, or buy another property.
 
And they ask his neighbour instead. You don't really have a lot of bargaining power with this.



That's quite decent. Luxury car payment. Place it in an investment/holiday account, or buy another property.

She is actually considering selling a part of that land. (she has a huge house and plot of land where she lives, very expensive part of the neighbourhood).
 
I did it on a previous property I owned and more than 7 years ago negotiated 8K/pm with an annual CPI+5% increase (so in most cases it was around 10% increase pa.). The lease agreement was however rewritten by my lawyers as the original one included all sorts of indemnities and MTN did not carry any accountability or liability. The contract-term was initially 24 months with an option to automatically renew for another 12 months, provided that it was not terminated.

Most importantly, the contract included a clause that I could terminate the lease for a number of reasons (one being the equipment installed being hazardous to environment, health or safety of people/wildlife) - there was a provision though for MTN to remedy the situation prior to termination. We also included bi-yearly safety inspection which included the appointment of an independent company to conduct health-, safety- and radiation inspection.

I was not worried about health-hazards as this was on a large farm and the mast was almost 1km from the main property but I would be a bit paranoid about a mast closer than 100m to my house. I can confirm that in those 2 years we found no wildlife with more heads/legs/eyes/wings than they should have and also did not notice anything abnormal on surrounding plantlife.

Depending on where the property is located you might be able to ask for more - this is especially relevant if your property is so big, that the placement of the mast does not require consent from neighbouring parties (i.e. you could hike that price). I personally would not do it in a residential property, as you will certainly take a knock in the sale of the property (we tried to make a provision for this in the contract where MTN would pay a "property devaluation fee" of 15% of the sale price should the property be sold - this was the only clause we could never push through though - it was not even a point of discussion about the percentage, it was an outright "NO")

BTW: The current owner of the property is getting 17K/pm (the installation is now a bit bigger, as other providers are utilising the same infrastructure, it has now a generator and since it is out in the sticks, he is also getting a "standby fee" to periodically check up on the equipment).

Forgot to mention: Don't fall for any of those "we give you free data/voice/LTE whatever" in exchange for xxx - it sounds very appealing if your whole family runs on free voice/data, but then you are stuck with one provider (and some ugly mast in your yard).
 
I would also ask for a few sims with uncapped LTE so that my friends etc don't have to pay for internet :P
 
Hi,

Someone I know have vodacom asking if they can put a tower up on the property.

What are the pro's and the cons of this?

Can they negotiate the monthly rental fee as well as the yearly "rental increase"?

Anyone done this?

Health hazards? (I mean real ones not conspiracy nut stuff).

I don't know if this helps but in
2019 -2020 - The Rental on Roof tops are going for R 35 000 - R50 000 depending on height amount of aerials and the secure roof , manageable , 18 hour access , CBD or rural , amount of customers , If you are in a main build up residential and business area , and the building is more the 5 stories a going price would be R 45 000 , well you could try to get R 45 00 but the company asking will always try to say they will go else were. If the large companies don't want to pay that you can always lease to 2 smaller companies at R 25 000 , and boost the competition in the area , I don't know if its unhealthy but its supposed to be passed by the heath authorities .
 
Bit of a necro. contracts signed and tower up years ago...
 
Bit of a necro. contracts signed and tower up years ago...
Hi I know it has relevance to any new people asking the same question , By the way with the 10% increase a year what kind of revenue are receiving now on your tower , if you don't mind
 
Hi I know it has relevance to any new people asking the same question , By the way with the 10% increase a year what kind of revenue are receiving now on your tower , if you don't mind
See post #14 :)
 
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