New Lessee Information and Forms-
The Orientation Session-
When someone purchases a building on Colony land (land owned by the Fairhope Single Tax Corporation) they acquire ownership of the building and other improvements, and only a 99 year lease on the land. Rather than paying real estate taxes to the various levels of government, they pay rent to the Single Tax Corporation, and the taxes are paid out of the rent proceeds by FSTC. New lessees contact the office to set up a time to come in for the orientation explaining this unique system.
Forms-
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