[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-85.15]

[Page 285-286]
 
           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 A_Pricing Policy_General
 
Sec. 102-85.15  What are the basic policies for charging Rent for space 
and services?

    (a) GSA will charge for space and services furnished by GSA (unless 
otherwise exempted by the Administrator of General Services) a Rent 
charge which will approximate commercial charges for comparable space 
and services. Rent for all assignments for GSA-

[[Page 286]]

controlled space will be priced according to the principles of the 
pricing policy in this part. These principles are reflected in the 
following elements of GSA Rent charges:
    (1) ``Shell'' Rent based on approximate commercial charges for 
comparable space and services for Federally owned space (accomplished 
using appraisal procedures);
    (2) Rent based on actual cost of the lease, including the costs (if 
any) of services not provided by the lessor, plus a GSA fee;
    (3) Amortization of any tenant improvement allowance used;
    (4) Any applicable real estate taxes, operating costs, parking, 
security and joint use fees; and
    (5) For certain projects involving new construction or major 
renovation of Federally-owned buildings, a return on investment pricing 
approach if an appraisal-determined rental value does not provide a 
minimum return (OMB discount rate for calculating the present value of 
yearly costs plus 2%) on the cost of the prospective capital investment. 
Each specific use of Return on Investment (ROI) pricing must be approved 
by OMB and duly recorded in an Occupancy Agreement (OA) with the 
customer agency. Once the ROI methodology is employed to establish Rent 
for a capital investment, the ROI method must be retained for the 
duration of the OA term.
    (b) Special services not included in the standard levels of service 
may be provided by GSA on a reimbursable basis. GSA may also furnish 
alterations on a reimbursable basis in buildings where GSA is 
responsible for alterations only.
    (c) The financial terms and conditions under which GSA assigns, and 
a customer agency occupies, each block of GSA-controlled space, shall be 
documented in a written OA.