Use & Occupancy Agreements
Easements
Dispositions
Leases
Use & Occupancy Agreements – Cost Breakdown
| Expense Type | Cost (±) | Notes |
|---|---|---|
| Appraisal | NA | Appraisals are not required for Use and Occupancy Agreements |
| Administrative Fee | $1,000 | To be paid at time of request |
| Annual Rent | $5,000 or $1.50/SF | The greater of $5,000 or $1.50/SF |
If you are interested in obtaining a Use & Occupancy Agreement on MBTA real estate, then please submit your request here along with a plan of the property.
Easements – Cost Breakdown
Prior to requesting an easement from the MBTA please note the below easement clauses. These are standard MBTA clauses and non-negotiable.
| Expense Type | Cost (±) | Notes |
|---|---|---|
| Appraisal | Value TBD | Easements will be granted at fair market value as determined by an appraisal or $25,000, whichever is higher. The MBTA reserves the right to determine if/and when an appraisal is required. If an appraisal is required, the requesting party shall reimburse the MBTA for the cost of the appraisal. |
| Administrative Fee | $5,000 | To be paid at time of request $2,500 will be returned to applicant if the request is denied by the MBTA |
| Easement Value | $25,000 | The greater of $25,000 or appraised value (if an appraisal is required) |
If you are interested in obtaining an Easement on MBTA real estate, then please submit your request here along with a plan of the property.
Dispositions
NOTE: The MBTA will not consider the sale of any real estate that is valued at less than $50,000. Any sale of MBTA real estate is required to be bid through the public procurement process in accordance with Massachusetts General Laws Chapter 161A.
The minimum sale value for any disposition is $50,000. The sale price will be based on the appraisal provided by the requesting party and/or a peer review appraisal conducted by an MBTA approved appraisal vendor. Please note that all sale requests must be reviewed and approved by the appropriate MBTA departments.
If you are interested in purchasing MBTA real estate, then please submit your request here along with a plan of the property.
NOTE: The MBTA will not consider the lease of any real estate for less than $50,000 over the lease term. Any lease (with a term greater than one year) of MBTA real estate is required to be bid through the public procurement process in accordance with Massachusetts General Laws Chapter 161A.
Leases
The minimum annual lease rent will be based on the appraised value provided by the requesting party and/or a peer review appraisal conducted by an MBTA approved appraisal vendor OR $1.50/SF (whichever is greater). Please note that all lease requests must be reviewed and approved by the appropriate MBTA departments.
If you are interested in leasing MBTA real estate, then please submit your request here along with a plan of the property.
Note: An alternative to a Lease is a Use & Occupancy Agreement.
Appraisal Requirements
- Prepared within last 6 months
- Register with the Commonwealth of Massachusetts
The above rates and policies are subject to change or modification at the sole discretion of the MBTA.