Leased Property

From time to time HISD needs to lease facilities for educational purposes. Additionally, the district occasionally leases district-owned properties.

Procedures for lease of third-party facilities by the district:

• Upon notification of the need for leased space, the Real Estate Department conducts a search for suitable lease space in the required vicinity.
• Upon selection of a site, negotiations are initiated for lease of space based on fair-market rental rates.
• Upon approval of the Board of Education, a lease agreement is developed and executed by appropriate district officials.

Procedures for lease of district-owned properties:

• In certain cases where properties are not currently required for district use, HISD will consider leasing the properties to other governmental entities.
• In some cases properties may be made available for lease to third-party organizations for school or school-related purposes.
• Leases of district properties are generally subject to prior Board of Education approval. Upon such approval, Real Estate Department staff members negotiate a lease agreement on terms acceptable to the district.