Confused? Check out
the REO Lease FAQ!
- How can I find out what property the University leases
Visit the Real
Estate Inventory. If you are interested in renting space,
visit How to Rent.
- How can I get a lease, use agreement, or access agreement?
Contact REO at (612) 625-5345, or at email@example.com
- How can I lease/use University real estate?
Visit How to Rent.
- Is there a fee to use land or building space at the
University for a brief period?
In most situations, there is a fee to use land or building
space at the University.
If you are using University Space, click
- Is an agreement required if no rent is required?
- When do we use the University’s
standard Real Estate contracts?
Unless the leasing or use arrangement is so unique that a standard contract
will not work, standard contracts are always preferred.
The process will be quicker if the University’s standard
form is used.
- How do I know when I need a Lease and when I need a
In general, if you are using the space for more than 90
continuous days, a Lease will be necessary. Contact
REO for more help.
- How do I know which use agreements go to the Real Estate
Office for approval and which ones go to the Office of General
- How can I determine
who has signature authority in my department?
Use our Delegation of Authority
Walk-Through for the Delegation
of Authority Webpage.
- Why does the Real Estate Office need accounting information
if they are not processing the payment for a particular event?
The Real Estate Office enters all leasing contracts into the
University of Minnesota Lease
Inventory, tracking rental payments by fund. Reports
are sent annually to Accounting Services, Capital Oversight Group (COG), and other University departments
and to the legislature when requested.
- What is the first step in obtaining space for long term
off campus space if the University is the tenant?
First contact the Space
Management Office, and obtain the Minnesota
Facility Model form to determine the amount of space you
are approved to lease. Visit Renting Non-University
Space for REO's complete guide to using off-campus space.
- Who makes the rental payments on a contract?
When leasing Non-University property long-term, the REO processes
the payments for the department.
- Who is the legal entity for the University?
The legal entity for the University is Regents of the University
of Minnesota, a Minnesota constitutional corporation. This name
should be used for all contracts.
- What does the Real Estate Office do regarding housing
for Faculty, Staff and Students?
The Real Estate Office only handles the leasing needs of university
departments. We do not handle student, staff, or faculty
housing needs. Visit our Popular
Links page for housing links.
- Do we have to do an agreement for every non-University
entity (individual or group), including non-Campus Life?
Every group, including student organizations, are required to
execute a Use Agreement, unless they have a EFS number
for the rent payment, and are covered by University Insurance.
Student organizations using a University of Minnesota student
union are the only exception to this rule.
- What is required if liquor will be served at an event?
Management must aprove all events involving liquor, and additional
insurance will be required.
- How do I determine the
total estimated value of my contract?
The total estimated value of a contract is based on all costs associated with facilities or services provided for a specific event. In the case of a hotel contract, the value of a contract that includes guest rooms and meeting space can be determined by asking the person representing the facility to include a sentence in the contract that states "The total estimated value of this contract is $________."
You may also contact the Senior Real Estate Specialist or the Leasing Specialist
- What is real property?
Land (surface or subsurface), buildings (or space within a building),
air rights, mineral rights and water rights. Click
here to see the REO Definitions page.