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.
Transfer fees are due immediately and are non-refundable. Buyers will not be permitted to schedule their Orientation until payment has been received. We can accept cash or check only. The realtor or other representative of the Buyer can submit payment on Buyers’ behalf, if they so choose.
FSTC Office Closure dates are as follows:
Friday, March 17, 2023 (Arts and Crafts)
Friday, April 7, 2023 (Good Friday)
Monday, May 29, 2023 (Memorial Day)
Monday & Tuesday, July 3 & 4, 2023 (Independence Day)
Monday, September 4, 2023 (Labor Day)
Wednesday, Thursday, Friday, November 22-24, 2023 (Thanksgiving)
Friday, Monday, Tuesday, December 22, 25 & 26, 2023 (Christmas)
We close early on the day before a holiday.
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 June 2022.
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 June 2022.
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 April 2021.
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 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 July 2021.