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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle C - Federal Property Management Regulations System |
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Chapter 102 - Federal Management Regulation |
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SubChapter C - Real Property |
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Part 102-85 - Pricing Policy for Occupancy in GSA Space |
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Subpart A - Pricing Policy - General |
§ 102-85.20 - What does an Occupancy Agreement (OA) do?
Latest version.
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§ 102-85.20 What does an Occupancy Agreement (OA) do?
An OA defines GSA's relationship with each customer agency and:
(a) Establishes specific financial terms, provisions, rights, and obligations of GSA and its customer for each space assignment;
(b) Minimizes exposure to future unknown costs for both GSA and customer agencies;
(c) Stabilizes Rent payments to the extent reasonable and desired by customers; and
(d) Allows tailoring of space and related services to meet customer agency needs.