This document provides general guidelines and basic administrative procedures for University personnel to follow with regard to the purchase, sale, and lease, or otherwise acquisition/disposition of immovable property including buildings, land and mineral resources. (See PPM FP-VI.IV.-1a for additional information).
Approval to vary from the processes delineated herein shall be obtained at the inception of the project from the General Counsel and the System Office staff.
These guidelines are not intended to be all-inclusive, so regular communications between the University and ULS staff are critical for a successful project
The Lease Summary Report should list all current leases including those involving Cooperative Endeavor Agreements, 501(c)3 contracts, etc and shall be reported annually to the System Office on the first business day of August each year.