D.C. Mun. Regs. tit. 8, r. 8-B2100

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 8-B2100 - ACQUISITION OF REAL PROPERTY BY LEASE

2100.1

The President of the University, subject to Board approval, is authorized to enter into real estate lease agreements with any person, partnership, corporation, or other entity.

2100.2

[REPEALED].

2100.3

The President shall lease or lease-purchase as he or she deems to be in the interest of the University and necessary for the accommodation of University activities.

2100.4

Lease or lease-purchase agreements may pertain to buildings or other improvements which are in existence or are to be constructed by the lessor for such purposes, or to unimproved real property.

2100.5

No lease agreement entered into under this section shall provide for the payment of rental in excess of the limitations prescribed by the Economy Act (40 U.S.C. 278a) .

2100.6

To the maximum extent practical, the University will lease space:

(a) When needs cannot be satisfactorily met in University controlled space;

(b) When leasing is deemed to be more advantageous than the construction or alteration of a University owned building;

(c) When construction or alteration is not warranted because requirements in the community are insufficient or are indefinite in scope or duration; or

(d) When completion of a new building within a reasonable time cannot be assured.

2100.7

Acquisition of space by lease will be by negotiation, and on the basis most favorable to the University with due consideration to maintenance and operation efficiency.

2100.8

Acquisition of space by lease will be only at charges consistent with prevailing scales in the community for comparable facilities.

2100.9

Approval of the Board of Trustees shall be required for all leases and lease renewals.

D.C. Mun. Regs. tit. 8, r. 8-B2100

Final Rulemaking published at 37 DCR 5091 (August 3, 1990); amended by Final Rulemaking published at 64 DCR 3803 (4/21/2017)