How can I see an inventory of properties the GVI owns?
GVI owned properties are available on USVILeasing.com, MapGeoUSVI.com and Recorder of Deed archives
What does it cost to lease GVI owned property?
The cost varies based on the appraisals and is calculated based on the property type, condition, size, location and zoning.
Does the GVI sell real property?
The GVI pursuant to policy does NOT sell property but leases property through short or long-term lease agreements.
What is the difference between a short- term and long-term lease agreement?
A short-term agreement is for one (1) year or less, and a long-term agreement is for more than one (1) year.
How long does the Leasing process take?
After a proposal is submitted, accepted, and agreed upon by DPP and all required documentation is submitted it usually takes an average of three (3) months to process based on the appraisal time.
Who approves lease agreements?
Based on the properties terms and conditions involved, approval is sought from the Commissioner of DPP, Attorney General for legal sufficiency, Governor, and the VI Legislature (for all leases in excess of one year)
Does DPP cover the cost of renovations for leased business and commercial properties?
No, leaseholders are responsible for the renovation and build out of leased properties.
What are the requirements to lease Government properties?
Available properties may be found on USVILeasing.com
Can I purchase Government Property for residential use?
Why does DPP have to repeatedly inspect GVI property being leased?
Lessees are responsible for all repairs and maintenance of the properties pursuant to the terms of the leases. DPP must inspect the properties to ensure Lessees are in compliance with the lease terms and to protect the Government’s interest.
Is Property & Procurement responsible for repairs on properties the Government is leasing from private landlords?
The Government is not responsible for structural or exterior repairs in Office leases. However, depending on the terms negotiated, the user agency may be responsible for minor interior repairs.
The Government is not responsible for structural or exterior repairs in Office leases. However, depending on the terms negotiated, the user agency may be responsible for minor interior repairs
The Government requires liability coverage to protect third parties, the Lessee and the Government in the event of injury or property damage.
Can a User Agency negotiate a lease without contacting the Department of Property and Procurement?
No. Pursuant to Title 31, Section 232(3) and Title 3, Section 218(a)(8) of the Virgin Islands Code, DPP is responsible for leasing office space on behalf of the Government. Therefore, all agencies must contact the Department of Property and Procurement – Division of Property for all leasing needs.
Are the Government’s buildings insured?
Yes, through commercial insurance for property damage and through the Government’s Self – Insurance mechanisms for third party liability.