JULY 2005
Obsolescence, Functional. The loss in value in
Lease, Net. A lease that requires the Lessee
real estate due to outdated or poorly designed
(Government) to assume some of the Lessor's
equipment or construction.
normal obligations such as services and utilities.
OMB. Office of Management and Budget
Lease, Net Net. This type of lease requires the
Lessee to assume all of the obligations associated
OPC. Outpatient Clinic.
with ownership, operation, and maintenance. An
example would be leasing a building "as is" with
Operational Services. Services that support use
the Lessee performing all the alterations,
of leased property, such as heating, ventilation, air
maintaining the building, operating the building
conditioning, utilities, and custodial services.
and providing the required services, including
payment of taxes and insurance. VA does not
This is an option to
Option, Assignable.
acquire such leases.
purchase a site for which the Government may
Lessee. The party who possesses the right to
pay a consideration fee and which shall be
assigned to the successful Offeror. The Offeror
occupy real property under a lease contract. The
shall purchase the site from the owner and
United States in all VA or GSA direct leases.
construct a building for the purpose of leasing it to
Lessor. The party who conveys the right to
the Government. The option obtained by the
Government will cover a specific site at a pre-
occupy real property under a lease contract.
negotiated price.
Lobby, Elevator. Area in front of or between
OSHA. Occupational Safety and Health Act.
elevators, exclusively for use of elevator
passengers.
Outlease. An outlease is a sublease from the
Lobby, Public. Space inside the public entrance
Government, who is the Lessee, to a third party
for vacant leased space in Government inventory.
of a building affording circulation for the general
public to and from other parts of the building.
Partitions, Free Standing. Movable panels used
MCS. Master Construction Specifications.
to divide space, usually ranging in height from 4.5
to 6 feet.
Multi-Use. The type of land-use development
Partitions, Permanent. Full-height walls which
that allows more than one type of function in a
provide structural support to the floor or roof.
given structure or structures, such as retail,
industrial, and general-purpose office space.
Partitions, Subdividing. Floor-to-ceiling or floor-
NCA. National Cemetery Administration.
to-above-ceiling walls used to divide space
without providing structural support to the building.
NSF. Net Square Feet.
Present Value. See Discounting.
Network. Veterans Integrated Service Network.
PNM. Price Negotiation Memorandum.
See VISN.
Property that is not
NTP. Notice to Proceed.
Property, Personal.
permanently affixed to a building and that adds no
NUSF. Net Usable Square Feet. Net usable
value to the real estate.
space is that portion of rentable space that is
Property, Real. Land, that which is permanently
available for a tenant's personnel, furnishings, and
affixed to the land, that which is appurtenant to
equipment. Net usable space is the area for
land, and that which is immovable.
which VA will pay a square foot rate. (See
Paragraph 3.14, Appendix C.)
Prospectus (GSA-funded Projects). As required
Obsolescence, Economic. A condition wherein
by Section 7 of the Public Buildings Act of 1959,
as amended, a statement of a proposed project
community and neighborhood factors have a
that must be submitted for approval to the Public
negative influence on the value of the property.
VA DESIGN GUIDE
LEASE BASED OUTPATIENT CLINICS
SECTION 2-5
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