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Collage showing images with one-word descriptors from the U S P T O Fiscal Year 2007 Performance and Accountability Report cover that reinforces the report's tagline of Transforming for the Future Today.
Performance and Accountability Report Fiscal Year 2007
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 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
single underline
Total Future Minimum Lease Payments $  961,368
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. The operating lease commitments for the USPTO offices in Crystal City, Virginia, will expire in FY 2009.

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