Leasing of a Property as a Lessee or Lessor

Contact Officer : Associate Vice-Principal (Facilities)


Purpose 

The purpose of this procedure is to describe the process for the leasing of all property, except for residential leasing of properties owned by the university.*
 

Procedure

Leasing of a Property as a Lessee or a Lessor 

Responsible Officer/SectionProcess
Originating Department
  1. Department completes a Planning and Renovation Request form identifying the need for additional space. 
Campus Planning & Real Estate
  1. Campus Planning & Real Estate (CPRE) will bring requests for leased property forward to the Senior Leadership Team for review and approval, except in the case of a one-year residential lease (in which case, the request goes to Step 4).  
  2. CPRE will work with the originating department and the University鈥檚 realtor to identify suitable locations and negotiate the contract.
  3. The draft lease will be reviewed by the University Secretariat and Legal Counsel and Insurance & Risk Management.
  4. A Lease Transmittal Form must be prepared and signed by the originating Faculty/Shared Service Unit, Campus Planning and Real Estate, University Secretariat and Legal Counsel. This document must accompany the lease when sent for execution.
  5. Executed documents must be forwarded to Campus Planning and Real Estate.

*Residential leasing of properties owned by the university is excluded from this process and is managed by Housing and Ancillary Services.  

Date Approved:  October 2, 2026

Approval Authority: SLT

Date of Commencement: October 2026

Amendment Dates: 

Date for Next Review: 2031

Related Policies, Procedures and Guidelines: