Text
Title 48: Federal Acquisition Regulations System
CHAPTER 5: GENERAL SERVICES ADMINISTRATION
SUBCHAPTER I: SPECIAL CONTRACTING PROGRAMS
PART 570: ACQUIRING LEASEHOLD INTERESTS IN REAL PROPERTY
Subpart 570.1: General
570.103 - Authority to lease.
(a) The Federal Property and Administrative Services Act of 1949 (40 U.S.C. 490(h)(1)), as amended, and Section 1 of the Reorganization Plan No. 18 of 1950 (40 U.S.C. 490 Note) authorize the Administrator of General Services to acquire leasehold interests in real property for use by Federal agencies. The authority is limited to leases for buildings and improvement that bind the Government for periods not exceeding 20 years.
(b) You have exclusive authority to enter into and administer leases on the Government's behalf to the extent provided in your certificate of appointment as a contracting officer.
Sponsored links
