[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-73.45]

[Page 175]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-73_REAL ESTATE ACQUISITION--Table of Contents
 
                     Subpart B_Acquisition by Lease
 
Sec. 102-73.45  When may Federal agencies consider leases of privately 
owned land and buildings to satisfy their space needs?


    Federal agencies may consider leases of privately owned land and 
buildings only when needs cannot be met satisfactorily in Government-
controlled space and one or more of the following conditions exist:
    (a) Leasing is more advantageous to the Government than constructing 
a new building, or more advantageous than altering an existing Federal 
building;
    (b) New construction or alteration is unwarranted because demand for 
space in the community is insufficient, or is indefinite in scope or 
duration; or
    (c) Federal agencies cannot provide for the completion of a new 
building within a reasonable time.