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Section 8: Payments for Leasehold Interests (for State and LPA)

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Payment Procedure When Leasehold and Fee Interests Are Negotiated

When leasehold and fee interests are negotiated in accordance with Acquisition of Leasehold Interests, Chapter 5, Section 24 of this volume, submit a separate MOA or, when applicable, a Purchase Agreement to the ROW Program Office for both the fee owner and the lessee. Payment to each party must be according to these documents. The payment request for parcel(s) must include all interests being acquired, and closing must be made simultaneously, except as noted below, in the total amount of the approved value for the parcel.

Payment requests for negotiated parcels involving both leasehold and fee interests must consist of the following items:

Note: The payment for a permitted outdoor advertising structure and the leasehold associated with it may be requested separately and prior to the payment request for the fee interest. Payment may be made directly to the owner of the sign and leasehold without closing or may be made simultaneously with the fee closing. Conversely, a request for payment for the fee interest and closing of the fee interest may not occur until after or simultaneously with the acquisition of the leasehold interest.

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