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Collage showing images with one-word descriptors from the U S P T O Fiscal Year 2008 Performance and Accountability Report cover that reinforces the reportís tagline of Transforming for the Future Today.
Performance and Accountability Report Fiscal Year 2008
Financial Section

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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 2009 and FY 2024. During the years ended September 30, 2008 and 2007, the USPTO paid $90,026 thousand and $87,893 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as of September 30, 2008 are as follows:

USPTO Future Minimum Lease Payments as of September 30, 2008
(Dollars in Thousands)
Fiscal Year Minimum Payment
2009 $   63,143
2010     62,710
2011     61,938
2012     61,953
2013     61,988
Thereafter    631,772
single underline
Total Future Minimum Lease Payments $  943,504
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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