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Note 11. 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, 2011 and 2010, the USPTO paid $89,762 thousand and $91,876 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as of September 30, 2011 are as follows:

USPTO Future Minimum Lease Payments as of September 30, 2011
(Dollars in Thousands)
Fiscal Year Minimum Payment
2012 $67,479
2013 67,630
2014 65,720
2015 64,827
2016 63,341
Thereafter 452,828
Total Future Minimum Lease Payments $781,825

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 Shirlington, Virginia are also included above, which will expire in FY 2019.

United States Patent and Trademark Office
Last Modified: 01/03/2012 14:04:41