Several federal agencies and independent agencies and commissions have leasing authority granted by the U.S. Congress (<i>ie</i>, NASA for specific space needs; FDIC; SEC; U.S. Military for recruitment stations and other specific needs; Smithsonian Institution and others). The General Services Administration ('GSA') provides a large percentage of the commercial leasing space needs for the balance of governmental entities and certain services for even those within their own authority. The GSA has recently retained third-party brokerage firms on a national basis to assist the government in its leasing of office space. As more brokers — and, in the future, lawyers — are asked to assist the government with its space needs, an understanding of the leasing issues specific to the government is required. This article details some of these issues, and suggests ways to address them in your lease.
Elizabeth L. CooperPart One of a Two-Part Series
Several federal agencies and independent agencies and commissions have leasing authority granted by the U.S. Congress (ie, NASA for specific space needs; FDIC; SEC; U.S. Military for recruitment stations and other specific needs; Smithsonian Institution and others).
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