Forms, and Helpful Information
When someone purchases a building on Colony land (land owned by the Fairhope Single Tax Corporation), that person acquires ownership of the improvements via a Bill of Sale and that person leases the land via a 99-year Lease, paying Rent to the Single Tax Corporation.
Any change in ownership, title, name, legal description, etc.
requires that you contact FSTC and complete the FSTC process!!!
Any re-plat, subdivision, or other event that
affects the LAND requires FSTC's Endorsement!
Please call the office for more information.
Soon-to-be-new lessees, either by foreclosure, purchase, inheritance, or other, MUST bring any and all outstanding Rent current before receiving a new Lease.
Due to the number of last-minute cancellations without notice, the $300 transfer fee is due immediately. The transfer fee is non-refundable, as it covers the overhead necessary to prepare a file. Buyers will not be permitted to schedule their Orientation until payment has been received. We can accept cash or check. The realtor or other representative of the Buyer can submit payment on Buyers’ behalf, if they so choose. We are an extremely busy office and last minute cancellations without notice take time and an appointment away from other Buyers that are trying to schedule and Close. Thank you for your understanding!
FSTC Office Closure dates are as follows:
Friday, January 1, 2021 (New Year’s Day)
Friday, April 2, 2021 (Good Friday)
Friday, April 30, 2021 (Arts and Crafts)
Monday, May 31, 2021 (Memorial Day)
Monday, July 5, 2021 (Independence Day)
Monday, September 6, 2021 (Labor Day)
Wednesday, Thursday, Friday, November 24-26, 2021 (Thanksgiving)
Wednesday, Thursday, Friday, December 22-24, 2021 (Christmas)
Lease Transfer Procedures
This information explains the procedure for transferring a typical Lease. These procedures apply to all transfer requests submitted on or after May 1, 2020.
Revised April 2020.
Lease Transfer Procedures - Quick Reference
This information is a one-page quick reference for transferring a typical Lease. These procedures apply to all transfer requests submitted on or after May 1, 2020.
Revised April 2020.
Lease Transfer Letter Form
Please use this Transfer Letter Form for your Lease transfer. This is the current form and is to be used for ALL transfer requests.
***It is VERY important that information on your Transfer Letter is accurate. Changes after FSTC has prepared a file may incur a Re-Work Fee of $150.00.***
Revised May 2020.
A list of FSTC fees, effective January 1, 2017.
Revised December 2016.
Blank FSTC Lease
This is the Lease that our lessees will enter into when leasing from FSTC.
Request for Refinance Statement
Please use this form to request a Refinance Statement if you are refinancing an FSTC property. You must also provide an Authorization to Release Information (the Lender's form or a form/letter created by the Title Company).
Revised September 2019.
Fairhope Single Tax Lessee Brochures
These informative brochures explain a Single Tax Lease, the complete lease process, contributions to our community by the FSTC as a result of the lease process, and historical foundations of Fairhope as a unique community.
Revised February 2017.