[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: 41CFR102-85.115]

[Page 295]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-85_PRICING POLICY FOR OCCUPANCY IN GSA SPACE--Table of Contents
 
                         Subpart D_Rent Charges
 
Sec. 102-85.115  How is the Rent determined?


    Unless an exemption is granted under the authority of the 
Administrator of General Services, the Rent charged approximates 
commercial charges for comparable space and space-related services as 
follows:
    (a) Generally, Rent for Federally owned space provided by GSA is 
based on market appraisals of fully serviced rental values for the 
predominant use to which space in a building is put; e.g., general use, 
warehouse use, and parking use. In cases where market appraisals are not 
practical; e.g., in cases involving unique space or when market 
comparables are not available, GSA may establish Rent on the basis of 
alternate commercial practices. See the discussion of alternate 
valuation methods in Sec. 102-85.125. Amortization of tenant 
improvements, parking fees, and security charges are calculated 
separately and added to the appraised shell Rent to establish the Rent 
charge. Customer agencies also pay for a pro rata share of joint use 
space.
    (b) Generally, Rent for space leased by GSA is based on the actual 
cost of the lease, including the costs (if any) of services not provided 
by the lessor, plus a GSA fee, and security charges and parking (if not 
in the lease).
    (1) The Rent is based on the terms and conditions of the OA, 
starting with the shell Rent.
    (2) In addition to the shell Rent, the Rent includes amortization of 
TI allowances used, real estate taxes, operating costs, extra services, 
parking, GSA fee for its services, and charges for security, joint-use, 
and other applicable rental charges (e.g., antenna site, land, 
wareyard).