Valuable Information for Postal Lessors

DID YOU FIND ALL OF THE CHANGES IN THE NEW LEASE ?????


Although each lease is different, there are many boilerplate clauses. When you receive a new lease, it will remind you to read it thoroughly because there may be changes, but where are the changes? Below are some of most recent changes to the General Conditions of the USPS Lease. Obviously this is not a complete listing of all possible changes, just a few pointers to look for, but you must still thoroughly re-read the rest of your lease carefully.

LEASES ARE INDIVIDUALIZED, PARAGRAPH NUMBERS MAY DIFFER (SEE HEADINGS)


General Conditions to the USPS Lease:

A.7 RESERVED PREVIOUSLY THE OFFICIALS NOT TO BENEFIT CLAUSE, (DELETED) NEW MATERIALS MAY BE INCLUDED HERE.

A.9 ASSIGNMENT OF CLAIMS
SUBPARAGRAPH a., # 3. (2 lines of changes)
SUBPARAGRAPH c., #2 (last two and a half lines, starts, and 2. both the original lessor and the successor lessor execute the standard Lease Assignment and provided by the USPS Contracting Officer.

A.12 YEAR 2000 WARRANTY (REAL PROPERTY CONTRACTS) completely new, replaces the old CLEAN AIR AND CLEAN WATER Clause.

A.13 CLAIMS AND DISPUTES ( amounts changed to $100,000 found in: c., d.2, and e.

SUBPARAGRAPH d.2 is changed (inclusive of I certify that of the contractor.)

SUBPARAGRAPH g. (completely changed.) When a claim is sub ADR is used.

A.16 GRATUITIES OR GIFTS

SUBPARAGRAPH a. SUBP. 1. or gift ( as defined in 5 CFR 2635) to an officer or

A.17 HAZARDOUS/TOXIC CONDITIONS CLAUSE - all changed except the first paragraph

A.24 LESSOR OBLIGATIONS

SUBPARAGRAPH a. (last sentence) Any investigative or remediation cost of the Postal Service.

SUBPARAGRAPH c. (last sentence) Any investigative or remediation cost of the Postal Service.

A.26 RESERVED (FORMER DRUG-FREE WORKPLACE CLAUSE DELETED)

A.27 DAVIS-BACON ACT (all language beginning with f. 2 through to the end of A.27.)