I have often said that I get my best blog ideas from readers of this blog and from the people I help serve in Lake Martin real estate. Today’s topic is no exception.
Shortly after I wrote this post about Alabama Power updating their waterfront lot leases to 35 years, I had a reader email me and ask me a really good question:
I am about ten years into my lot lease from Alabama Power. I read about their new 35 year fixed term leases. Will they send me a new lease or do I need to contact them and ask for one?
You need to call them. To my knowledge, they have not contacted any current waterfront lot lease owners and let them know this. If you would like to learn about your options, you had better call or write them. Don’t expect them to call you.
If you want information from AL Power, please don’t call me, I am just a humble real estate agent. Call the Alabama Power office in Clanton at 205-257-4593.While you have them on the phone, ask them about other news in the area of leased lots on Lake Martin. You might be surprised with the answer.
Would you like to buy a waterfront home on Lake Martin that’s on a leased lot? 128 Orchid Drive is a good one, click here for more info.
If you own a leased lot home on Lake Martin, and wonder what these changes like these might do to its value, please request a CMA on this form or click here to contact me.