If Georgia Power owns Lake Sinclair does that mean all the property is leased?
By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
Recently I received an email asking: Dear Tammy,You said that Lake Sinclair is a Georgia Power lake, does this mean all the lots are leased from Georgia Power Company?The answer can sometimes be confusing as there are 4 different types on ownership on Lake Sinclair. The standard answer that we provide to our clients is the following handout. If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. Do you have a lease? What kind of Lease? Is it a residential lease or access lease? How about license agreement? Hopefully, the following will help. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. You may often hear us refer to this as "down to the 340"...