Real Estate Leasing Policy Reminder - Spring 2025

 

Subject: Reminder Regarding MSU Real Estate Leasing Policies & Signature Authority

April 02, 2025

Colleagues,

The Offices of Executive Vice President of Administration and the Office of the Provost are jointly writing as a reminder to the Spartan Community on policies and procedures related to real estate leasing for Michigan State University (MSU). 
Pursuant to the Board of Trustees’ Policy on Real Estate, only the MSU President, or the officers designated within the Delegation of Signature Authority, have the authority to bind the university to leasing matters related to the management and use of real property, including facility use agreements, licenses, access agreements, service agreements and other similar agreements, whether the University is the owner, renter or user, orally or in writing.

Any employee engaging in conversations or negotiations with lessors without prior delegation are exposing themselves and the University to risk. Lessors or external parties could hold the employee financially responsible for costs incurred as a result of an agreement signed without designated authority.  

Agreements will not be considered binding until all necessary approvals have been obtained and a review has been completed by the Real Estate Office (REO) before signature.  

If you have any questions about this process, or have a need to sign a leasing agreement, please contact the REO at reo@ipf.msu.edu or (517) 355-3272.  
 

Vennie Gore, Executive Vice President of Administration 
Thomas Jeitschko, Interim Provost and Executive Vice President of Academic Affairs