Are You a Government Real Estate Lease Expert? Take the Quiz

Feb 11, 2019

Are you a Government Lease Expert? Take the Quiz

 

1) The US GSA has how many leases with the private sector in their posted December 2018 lease inventory?

a) 5,050
b) 7,550
c) 8,050
d) 8,550.

2) Per the US Post Office Leased Facility Report in February 2019 the USPS has how many leases with the private sector?

a) 19,730
b) 25,300
c) 21,630
d) 30,500

3) True or false, the City of New York and Chicago are required to compete their private sector real estate leases?

a) True
b) False

4) The primary goal of Government Real Estate Theory is to:

a) Save the tax payers time and money.
b) Reduce high transaction costs of government real estate leasing activities.
c) Create optimal government real estate environments.
d) Achieve a better understanding of how government real estate works.

5) The US federal government’s GSA prospectus threshold for private sector leases in 2019 is:

a) $2.086 Million
b) $3.095 Million
c) $3.957 Million
d) $2.952 Million.

6) When analyzing a new government lease tenant improvement renovation requirement it is best to budget for the anticipated shell construction costs before or after the lease is signed?

a) Before
b) After

7) A government tenant’s “non-appropriations” lease clause generally allows the government tenant to:

a) Sue a government tenant for non-appropriate project schedule delays.
b) Cancel a real estate lease when the government tenant does not receive funding for the lease payments to the lessor.
c) Make lease payments to the lessor for non-appropriate operating cost adjustments for un-anticipated operating cost increases.

8) The government agency responsible for the state of California’s real estate leasing with the private sector is:

a) Department of General Services Real Estate Services Division.
b) Leasing and Real Property Management Services Division.
c) State of California Agency Leasing and Development.

9) A government tenant’s use of marginal utility in leasing is best used when:

a) Determining the competitive range for two or more lease offers.
b) Analyzing build-versus-lease decisions.
c) Working with the utility company to understand costs associated with electrical cost increases.

 

Answer Key:
1. c.; 2. b.; 3. b.; 4. c.; 5. b.; 6. a.; 7. b.; 8. a.; 9. b.

Have questions about your government real estate lease? Contact Jamie Scruggs at Government Lease Advisors, Inc. for a no cost consultation at 202-587-5654 or email jamie@govleaseadvisors.com.

This article is published as part of an on-going series on government real estate leasing which can be found at GSAleasing.com.

Jamie Scruggs is a nationally recognized expert on GSA leases and works with property owners and brokers on government real estate leases and property sales throughout the US. Jamie has been involved in thousands of government real estate leases and can assist you with your government real estate lease needs. Jamie is the author of The Complete Guide to Government Real Estate Leasing: Volumes I & II.

Jamie can be reached at 202-587-5654; jamie@govleaseadvisors.comgsaleasing.com

 

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