Important: USPS Leases

The USPS is creating language in leases that looks similar to previous form leases so that owners will not detect dubious attempts to ruin the market value of their post office investments.

There are two areas to note:

1. THE OPTION RIDER

Never give the USPS the right, under any circumstance or condition, to purchase your facility.  This way, you will not have to worry about them stealing the building way below the actual market value.

2. OTHER PROVISIONS 

On the second page of your lease, there is normally a clause for "other provisions".  The language of the Services & Equipment rider regarding electricity and the sewer provision is especially troublesome.  It appears that we can no longer trust the USPS to negotiate in an open and fair manner.

Watch out for these changes and send us a copy of each lease you receive from the USPS so we can point out the faults.

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