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 |
up to $1,000,000 | Vice-Principals' Operations Committee | Vice-Principal Finance and Administration |
| Over $1,000,000 | Board of Trustees | Vice-Principal Finance and Administration + Principal | |
| Real Estate Property 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 (or designate) + Provost (or designate) | |
| longer than 10 years OR more than $5,000,000 in total Contract value | Board of Trustees | Vice-Principal Finance & Administration + Provost |