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 2008 and FY 2024. During the years ended September 30, 2007 and 2006, the USPTO paid $87,893 thousand and $82,651 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as of September 30, 2007 are as follows:

USPTO Future Minimum Lease Payments as of September 30, 2007 (Dollars in Thousands) Fiscal Year Minimum Payment 2008 $   62,894 2009     60,226 2010     58,165 2011     57,375 2012     57,392 Thereafter    665,316 Total Future Minimum Lease Payments $  961,368

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.

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