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Collage showing images with one-word descriptors from the U S P T O Fiscal Year 2009 Performance and Accountability Report cover that reinforces the report’s tagline of Today’s Challenges – Tomorrow’s Solutions.
Performance and Accountability Report Fiscal Year 2009
Financial Section

Table of Contents | Management | Financial | Auditor | IG | Other

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, 2009 and 2008, the USPTO paid $90,533 thousand and $90,026 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as of September 30, 2009 are as follows:

USPTO Future Minimum Lease Payments as of September 30, 2009
(Dollars in Thousands)
Fiscal Year Minimum Payment
2010 $   67,461
2011     67,630
2012     67,630
2013     67,630
2014     65,721
Thereafter    581,533
single underline
Total Future Minimum Lease Payments $  917,605
double underline

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.

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