For many property owners, the telecoms industry appears to have its own vocabulary – here are a few key terms you should be familiar with:
Mobile Phone Mast
A location where a telecoms operator has installed antennas and/or communications equipment to operate their wireless network.
Site Share rent
Rent paid to the property owner by additional telecoms operators to place their antennas and/or communications equipment on a phone mast site owned by another operator or tower company, as per their existing lease agreement.
The terms of the lease agreement that specify when and how much the mast site rent paid by the telecoms operator will increase, typically defined to be in line with RPI increases or to Market Value at fixed intervals.
A property right granted to a third party to use someone else’s property for a specific purpose, such as an access road, or a portion of land or building rooftop to operate telecoms equipment.