Florida Regulations 60H-1.023: Lease Modifications
Current as of: 2024 | Check for updates
|
Other versions
(1) An Agency wishing to execute a Lease modification shall obtain the Department’s Approval of Space Need, Prior Approval and Final Approval.
(2) Any lease not procured through a competitive solicitation may not be modified to exceed a total square footage of 4,999 within the first 12 months of the lease.
(3) An Agency may enter into a modification of a lease to increase the square footage by no more than 4,999 square feet if the modification is upon the same terms and conditions of the approved lease.
(4) An Agency may enter into, within any 12-month period, more than one modification to increase the square footage, provided the total space acquired by modification within the 12-month period is less than 5,000 square feet.
Rulemaking Authority Florida Statutes § 255.249(4). Law Implemented 255.249(4)(b), 255.25(1)(b), (3)(c) FS. History-New 4-29-10.
Terms Used In Florida Regulations 60H-1.023
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) An Agency may enter into a modification of a lease to increase the square footage by no more than 4,999 square feet if the modification is upon the same terms and conditions of the approved lease.
(4) An Agency may enter into, within any 12-month period, more than one modification to increase the square footage, provided the total space acquired by modification within the 12-month period is less than 5,000 square feet.
Rulemaking Authority Florida Statutes § 255.249(4). Law Implemented 255.249(4)(b), 255.25(1)(b), (3)(c) FS. History-New 4-29-10.