Note 8. Leases
Operating Leases:
The General Services Administration (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 2009 and FY 2024. During the years ended September 30, 2008 and 2007, the USPTO paid $90,026 thousand and $87,893 thousand, respectively, to the GSA for rent.
Under existing commitments, the future minimum lease payments as of September 30, 2008 are as follows:
USPTO Future Minimum Lease Payments as of September 30, 2008
(Dollars in Thousands)
2009 |
$ 63,143 |
2010 |
62,710 |
2011 |
61,938 |
2012 |
61,953 |
2013 |
61,988 |
Thereafter |
631,772 |
|
Total Future Minimum Lease
Payments
| $ 943,504 |
|
|
The commitments shown above relate primarily to the operating lease for
the USPTO headquarters in Alexandria, Virginia, beginning in FY 2004 and
extending to FY 2024. The operating lease commitments for the USPTO offices
in Crystal City, Virginia, will expire in FY 2009.
|