Property management is finding and securing real property opportunities for the University
Leases, Licenses, and Leaseholds
Whatever the University’s purpose is in entering into a lease—whether leasing office space, lab space, farm land, and any other use of real property—the process begins with the Real Estate team.
The University is part of many different types of leases and for many different purposes. It rents housing, storage space, agricultural land, offices and accommodates any other real property needs within Nebraska and overseas. The University also leases its property to external users to further its research, instructional and educational mission.
The Real Estate team has decades of experience managing leases and tracking use, amount, and cost metrics of leased property and can help make the best decision in entering into a leased property relationship on behalf of the University.
All leases must be reviewed and approved by the Real Estate team, ensuring every lease relationship complies with state laws, Board of Regents policy, and any appropriate authorities. This includes approval by University General Counsel, University facilities, and in some circumstances, must be placed upon the docket of the Board of Regents and presented during a formal hearing. Real property leases and lease renewals can take a substantial amount of time, and requests should be made as soon as possible.
Property Taxes and Special Assessments
Property tax can be levied against property owned by the University. Special assessments are also levied against University property if it is located in an area subject to assessments by a public body. If you receive property tax invoices from the City, County, or State, please contact our office.
Our office evaluates each property tax statement, notice, and special assessment invoice sent to the University, which is part of efficient property management. Through the Real Estate office, these statements are processed and paid appropriately. The Real Estate team is also responsible for disseminating tax statements and special assessments to the proper University departments, or lessees of the University for payment.
Public notices are issued by authorities in areas where the University owns real property. The Real Estate team will determine if the notice has an impact on the operation of the University, and notify the proper parties if necessary.
Public Notices may take many different forms—but if directed at the University, it often means that a City or public body is doing something that may affect its real property. Such notices may come from the State of Nebraska, the City of Lincoln or other municipality in which the Board of Regents owns or manages property, or any other governmental or agency of authority which speaks on behalf of and to the public at large.
If you have received a notice regarding a parcel of real property which is owned by the University, please contact the Real Estate team. If your department believes it will be effected by the substance of a public notice, the Real Estate team will contact the relevant officials to find additional information or aid in an appropriate response.