Comments on: Alabama Power Changes Lake Martin Lot Leases http://lakemartinvoice.com/2012/09/05/alabama-power-changes-lake-martin-lot-leases/ Lake Martin real estate, homes for sale, market reports Sat, 18 May 2013 13:46:05 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: johncoley http://lakemartinvoice.com/2012/09/05/alabama-power-changes-lake-martin-lot-leases/comment-page-1/#comment-88770 johncoley Wed, 26 Sep 2012 17:59:28 +0000 http://lakemartinvoice.com/?p=6904#comment-88770 Hey Jesse, thanks for the comment. The new lease policy, I think, is for new leases – ie, purchasers of existing homes or I guess folks like you that would call them to do a new lease. I don’t think they plan to call each and every lessee and offer them this. Another reader has asked me the same question so I should have been more clear in the above post. Sorry about that. I probably need to write another post to clarify. Yes, the best course of action would be to call AL Power, and good luck. I think you can expect the 4% escalation to be in the new lease, as well. So you might find it’s a trade off for you.

]]> By: Jesse Cunningham http://lakemartinvoice.com/2012/09/05/alabama-power-changes-lake-martin-lot-leases/comment-page-1/#comment-88769 Jesse Cunningham Wed, 26 Sep 2012 17:52:33 +0000 http://lakemartinvoice.com/?p=6904#comment-88769 John,
This is interesting news about the APCo change of policy. Especially interesting since they have not notified the current leasees like me. I have two lots, one built on, and they have not sent any notification at all. They started an option to extend the lease to 30 years about 3 years ago, but you had to agree to a minimum 4%/yr escalation in rent based on CPI. I’ll call Candy Hayes in Clanton and see what I can find out.

Jesse

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