41 CFR 102-73.235 - What is the maximum lease term that a Federal agency may agree to when it has been delegated lease acquisition authority from GSA?

Code of Federal Regulations - Title 41: Public Contracts and Property Management (December 2005)

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US Code - Title 40: Public Buildings, Property, and Works - 40 USC 585 - Sec. 585. Lease agreements

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Text:

TITLE 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

SUBTITLE C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEM

CHAPTER 102 - FEDERAL MANAGEMENT REGULATION

SUBCHAPTER C - REAL PROPERTY

PART 102 - 73 - REAL ESTATE ACQUISITION

subpart b - ACQUISITION BY LEASE

102 - 73.235 - What is the maximum lease term that a Federal agency may agree to when it has been delegated lease acquisition authority from GSA?

Pursuant to GSA's authority to enter into lease agreements contained in 40 U.S.C. 585(a)(2), agencies delegated the authorities outlined herein may enter into leases for the term specified in the delegation. In those cases where agency special purposes space delegations include the authority to acquire unimproved land, the land may be leased only on a fiscal year basis.