a cell tower lease agreement is a contract between a property owner and a cell tower company, allowing them to install and operate a cell tower on the property. apr 29, 2015 · now that we have a basic understanding of how a cell tower lease agreement works… here are 7 cell tower lease agreements items to look out for:. cell tower leases represent a tremendous financial opportunity for the landowners of residential and commercial property — if they negotiate properly. this blog post will delve into the essential aspects…