Real Estate Operations

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MISSION:

Real Estate Operations is committed to provide assistance, expertise, and guidance with decisions and transactions involving real estate by collecting, analyzing, distributing, and maintaining all University real estate data and related information. We coordinate, negotiate, and administer deeds, easements, and leases; manage oil, gas, mineral, and water rights; and ensure prudent and appropriate stewardship of University real estate resources.

GOALS:

  • Coordinate resources to make informed decisions.

  • Inspire creativity to achieve higher standards.

  • Couple integrity, logic, and sound judgment to complete tasks.

  • Furnish accurate, reliable, and complete data for all constituents.

Our Team

 

About REO GIS

LEASES

  • UW Standard Administrative Policy and Procedure
    • Signature Authority
      • Vice President for Campus Operations
      • Agreements involving real property or mineral interests, including financing, sale, purchase, lease or easements of any type;

  • Facilities use agreements
  • PLEASE ALLOW AT LEAST 30-DAYS TO NEGOTIATE AND PROCESS ANY LEASES THAT DO NOT REQUIRE BOARD OF TRUSTEE APPROVAL.            
  • UW Board of Trustees Approval needed:
  • Sale or purchase of real property, improvements to real property, and timber sales
  • Longer than One Year
  • Greater than $50,000
  • 1st Step: Introduction and Approval of Facilities Contracting Committee
  • 2nd Step: Introduction and Approval of Full Board of Trustees
  • Usually, a FOUR month process!

  • Short-term Residential Housing (30 days or more)
  • The University of Wyoming is not to be a party to the lease agreement
  • UW Department agrees to pay for the short-term housing
  • Rent and Security Deposit ONLY
  • Real Estate Operations (REO) has a Process for Renting Housing document
  • Occupant and the Lessor are the parties to the lease
  • Fully completed and executed lease agreement(s) is/are provided to REO and the department’s accountant/business manager
  • REO approval => UW Rent Guarantor Letter sent to department’s accountant/business manager to be submitted with signed lease and payment request
  • Occupant(s) must sign and return to REO an Apartment Occupant letter which is to be held by REO