GSA Form 3486 Lease of Real Property

What Is GSA Form 3486?

This is a legal form that was released by the U.S. General Services Administration on May 1, 2021 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the GSA Form 3486?A: The GSA Form 3486 is a document used for leasing real property.

Q: Who uses the GSA Form 3486?A: The GSA Form 3486 is used by the General Services Administration (GSA) in the United States.

Q: What is the purpose of the GSA Form 3486?A: The purpose of the GSA Form 3486 is to establish a lease agreement for real property between the GSA and the property owner.

Q: What information is required on the GSA Form 3486?A: The GSA Form 3486 requires information about the property, such as location, size, and lease terms, as well as information about the property owner.

Q: Can the GSA Form 3486 be used for residential leasing?A: No, the GSA Form 3486 is specifically for leasing commercial or non-residential real property to the GSA.

Q: Are there any fees associated with the GSA Form 3486?A: Yes, there may be fees associated with the GSA Form 3486, such as application fees or lease fees, depending on the terms of the agreement.

Q: Is the GSA Form 3486 legally binding?A: Yes, once both parties sign the GSA Form 3486, it becomes a legally binding agreement.

Q: Can the GSA Form 3486 be modified or amended?A: Yes, the GSA Form 3486 can be modified or amended if both parties agree to the changes.

Q: What happens if the GSA breaches the lease agreement?A: If the GSA breaches the lease agreement, the property owner may have legal remedies available, such as seeking damages or termination of the lease.