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 2014 and FY 2024. During the years ended September 30, 2010 and 2009, the USPTO paid $91,876 thousand and $90,533 thousand, respectively, to the GSA for rent.
Under existing commitments, the future minimum lease payments as of September 30, 2010 are as follows:
| Fiscal Year | Minimum Payment |
|---|---|
| 2011 | $67,630 |
| 2012 | 67,630 |
| 2013 | 67,630 |
| 2014 | 65,721 |
| 2015 | 64,827 |
| Thereafter | 516,169 |
| Total Future Minimum Lease Payments | $849,607 |
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.
