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The correct answer identifies an important aspect of Bureau of Land Management (BLM) leases, specifically that they are transferable with deeded acreage. This means that if a leaseholder wishes to transfer their lease rights, they may do so along with the land or property that is tied to those rights, often requiring that the transfer adheres to certain regulations and processes.

Understanding the transferability of BLM leases is critical since this characteristic provides flexibility to leaseholders who may want to change their management strategies or pass on their leases as a part of land sales. The ability to transfer these leases can influence how land is managed and allow for the continuation of agricultural practices, resource extraction, or conservation efforts without the need for entirely new lease agreements.

In contrast, other options suggest restrictions or conditions that do not reflect the actual nature of BLM leases. For instance, they can be transferred, which negates the notion of needing a cash payment for transfer, or having limits that would imply expiration after a set period unless otherwise renewed. Overall, understanding the nuances of lease agreements with BLM is crucial for anyone involved in land management or related activities.