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Terms Used In Texas Natural Resources Code 51.299

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

The rent to be charged for an easement or lease for an electric substation site, pumping station, loading rack, tank farm, or road or for an easement for a purpose not specifically listed by § 51.291 or 51.292 but granted in the best interest of the state shall be an amount agreed to between the lessee and the commissioner.