University Secretariat and Legal Counsel

University Secretariat and Legal Counsel

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Real Property Acquisition, Disposition, and Leasing

This includes any Contract in which the university buys, sells, or leases real property.

RELATED POLICIES (re: LEASING):  Space Planning (TBD)

RELATED PROCEDURE:  Real Property, Acquisition, Disposition, and Leasing Procedures

 
Contract Contract Value or Other Description Approval required prior to Contract execution Signing Officer
Real Property

Acquisition or Disposition

All values Board of Trustees Vice-Principal Finance and Administration + Principal
Leasing of Real Property as Lessee or Lessor up to 10 years AND up to $5,000,000 in total Contract value   Vice-Principal Finance and Administration + Provost
longer than 10 years OR more than $5,000,000 in total Contract value Board of Trustees Vice-Principal Finance & Administration + Provost