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I paid a lot of money for my lease and I have paid my regular lease fee to the BRA for many years. Havent I already bought the property?

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I paid a lot of money for my lease and I have paid my regular lease fee to the BRA for many years. Havent I already bought the property?

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When you purchased your current leasehold, the items conveyed in the sale included the improvements on the leasehold as well as the right to exclusive use of the land for a specific period of time. The transaction took place between you and the leasehold seller not the BRA. The BRA did not receive any compensation during this transaction beyond the fee paid to process the transfer of paperwork usually about $300. The property underlying the improvements on your cottage site lease belongs to the Brazos River Authority. Any deeded purchase of the property must include compensation to the BRA for the purchase of the underlying property.

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