(a) If the commission determines under § 2166.452 or 2166.453 that the purchase of an existing building is more advantageous to the state than constructing a new building or continuing to lease space for a state agency, but a purchase of the building would be subject to existing leases to private tenants that exceed 15 percent of the building’s total space, the commission may purchase the building subject to existing leases notwithstanding § 2165.205.
(b) On expiration of a private tenant’s existing lease, the commission may renew the lease subject to this subchapter, including § 2165.205.

Terms Used In Texas Government Code 2165.215

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC