GEORGIA POWER LEASES

LAKE JACKSON, GEORGIA

APPROXIMATELY 1/3RD OF THE LOTS ON LAKE JACKSON ARE GEORGIA

POWER OWNED LEASED LOTS.

GEORGIA POWER LEASES ARE FOR 15 YEARS WITH AN OPTION TO RENEW EVERY 15 YEARS.  (25 YEAR CONVENTIONAL FINANCING IS

AVAILABLE FOR THESE LEASED LOTS).

CURRENT RATES (2013)

$1,050.00 ANNUALLY FOR THE FIRST FIVE YEARS, AND

$1,100.00 ANNUALLY FOR THE NEXT FIVE YEARS, AND

$1,200.00 ANNUALLY FOR THE LAST FIVE YEARS.

PLUS THE TAXES FOR THE LAND ONLY  IS PAYED EACH YEAR TO GEORGIA POWER.  THIS TAX RATE IS SET BY THE STATE AND BASED ON THE SIZE, FRONTAGE, LOCATION & ETC, OF THE LOT.

 

THE ONE TIME LEASE TRANSFER FEE IS  $3,000.00, HOWEVER, IF THE PREVIOUS FEE OF $1,500.00 IS SHOWN IN THE CURRENT LESSEES’ LEASE, GEORGIA POWER WILL HONOR THAT AMOUNT.

 

MUST HAVE A CURRENT SURVEY TO TRANSFER LEASE. IF SURVEY IS NOT CURRENT THE  COST IS APPROX. $300.00 TO $400.00.

WE ENCOURAGE YOU TO CONTACT THE GEORGIA POWER LAND OFFICE  (NUMBER BELOW)  FOR COMPLETE AND ACCURATE INFORMATION.

GEORGIA POWER LAND OFFICE

(BUTTS COUNTY)

PHONE: 404-954-4044 (DEBRA LAABS)

THE CROWE TEAM

PHONE: HOME/OFC. 770-775-1800

E-MAIL: croweteam01@bellsouth.net 

VISIT OUR WEBSITE  www.LiveOnJacksonLake.com 

AGENTS FOR CROWE REALTY   JACKSON, GEORGIA

NOTE: THE GEORGIA POWER LEASED LOTS ARE NORMALLY LARGER THAN THE DEEDED LOTS ON THE LAKE, THEY MAY HAVE ONE, TWO, THREE  OR MORE HUNDRED FEET OF  WATER FRONTAGE AND MAY BE A ONE, TWO, THREE OR MORE

ACRE TRACT OF LAND. SOME SAY THE GP LEASE IS BETTER THAN DEEDED.