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Real Property Management
Printable Version
Guide to the Management of Real Property
Table of Contents
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Table of Contents
1. Introduction
1.1 Purpose and Scope
1.2 Guide organization
2. Real Property: Description and Context
2.1 Description
2.2 Federal real property holdings
2.3 Federal government structure
2.3.1 Treasury Board
2.3.2 Treasury Board of Canada Secretariat
2.3.3 Departments
2.3.4 Common service organizations
2.4 Parliamentary context
2.5 Highlights of this section
3. Objectives and Principles of Real Property Management
3.1 Supporting programs
3.2 Value for money and sound stewardship
3.2.1 Life cycle management
3.2.2 Integration with strategic planning
3.2.3 Portfolio-based approach
3.2.4 Governance
3.2.5 Performance information and reporting
3.2.6 Risk management
3.3 Fulfilling government objectives
3.3.1 Security
3.3.2 Condition
3.3.3 Environment
3.3.4 Legal obligations
3.3.5 Heritage
3.3.6 Accessibility
3.3.7 Values and ethics
3.4 Highlights of this section
4. Departmental Planning and Real Property Management
4.1 Real property management framework
4.1.1 Accountability and decision making
4.1.2 Departmental policies, processes, and procedures
4.2 Investment Planning
4.2.1 Planning framework
4.2.2 Investment analysis
4.2.3 Payments in lieu of taxes (PILT)
4.3 Highlights
5. Acquisition
5.1 The acquisition decision
5.2 Crown ownership or other options
5.2.1 Leases versus Crown ownership
5.2.2 Types of lease
5.3 Due diligence and government objectives
5.3.1 Security
5.3.2 Condition
5.3.3 Environment
5.3.4 Legal obligations
5.3.5 Heritage
5.3.6 Accessibility
5.4 Review checklist
6. Use and Occupancy
6.1 General
6.2 Purpose and performance
6.2.1 Physical performance
6.2.2 Functionality
6.2.3 Utilization
6.2.4 Financial performance
6.2.5 Asset performance measurement models
6.3 Context of asset performance measurement
6.3.1 Implications of poor asset performance
6.4 Adjustments to the custody model
6.5 Tenant-custodian relationships
6.6 Due diligence and government objectives
6.6.1 Security
6.6.2 Health and safety
6.6.3 Environment
6.6.4 Legal obligations
6.6.5 Heritage
6.6.6 Accessibility
6.7 Review checklist
7. Disposal
7.1 Introduction to the disposal process
7.2 Stages of the disposal process
7.2.1 Identifying the type of disposal
7.2.2 Interests in surplus properties
7.2.3 Due diligence and government objectives
7.2.4 Valuation and preparation for sale or transfer
7.2.5 Final steps in strategic disposal
7.3 Share of proceeds
7.4 Evaluation
7.5 Review checklist
8. General Transaction Guidelines
8.1 Solicitation of offers
8.2 Valuation
8.2.1 Appraisals versus estimates
8.2.2 Thresholds
8.2.3 Market rent
8.2.4 Restricted use and public use
8.2.5 Solicitation of offers
8.2.6 Special considerations affecting value
8.2.7 Granting options to purchase
8.2.8 Critical or extraordinary assumptions
8.2.9 Independence of valuation
8.3 Policy conformity
8.4 Arbitration
8.5 Transfer of Administration
8.5.1 General commentary
8.5.2 Other interests
Aboriginal interests
Appendix A: References
Legislation, Regulations, and Policies
Real Property
Partial List of Other Relevant Legislation, Regulations, and Policies Affecting Real Property Management
Other Resources
Tools
Appendix B: Real Property Glossary
Appendix C: Administration
Table of Contents
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