University of Virginia Library

THE RECTOR AND VISITORS OF THE
UNIVERSITY OF VIRGINIA POLICY STATEMENT
GOVERNING EXERCISE OF AUTONOMY IN OPERATING AND CAPITAL
LEASES OF PROPERTY

TABLE OF CONTENTS

                             

		Page
I.	Preamble	1
II.	Definitions	3
III.	Scope of Policy	4
IV.	Requirements for Leases	4
	A. Factors To Be Considered When Entering Into Leases	4
	B. Competition to Be Sought to Maximum Practicable Degree	5
	C. Procurement of Leases	6
	D. Approval of Form of Lease Required	6
	E. Execution of Leases	6
	F. University as Lessor	7
	G. Compliance with Other Provisions of Law	7
	H. Certification of Occupancy	8
	I. Copies of Leases and Amendments Forwarded to Department of General Services	8
	J. Implementation of Board of Visitors Policies, Procedures and Guidelines	9