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Collage showing the new U S P T O building during construction as well as people working in an office. Image is part of the header for the U S P T O Performance and Accountability Report for Fiscal Year 2003
United States Patent and Trademark Office
Performance and Accountability Report Fiscal Year 2003
Financial Section

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NOTE 7. Leases

Operating Leases:

The GSA negotiates long-term office space leases and levies rent charges, paid by the USPTO, approximate to commercial rental rates. These operating lease agreements for the USPTO’s office buildings expire at various dates between FY 2004 and FY 2023. During the years ended September 30, 2003 and 2002, the USPTO paid $78,061 thousand and $67,693 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as of September 30, 2003 are as follows:

Minimum Lease Payments through FY 2008
(Dollars in Thousands)
Fiscal Year Minimum Payment
2004 $   72,681
2005     70,079
2006     64,119
2007     60,026
2008     55,871
Thereafter    828,799
single underline
Total Future Minimum Lease Payments $1,151,575
double underline

The commitments shown above relate primarily to the new operating lease for the USPTO headquarters in Alexandria, Virginia, beginning in FY 2004 and extending to FY 2023. The operating lease commitments for USPTO offices in Crystal City, Virginia, will expire in FY 2008.

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