It is the responsibility of the Postal Service to change burned- out light bulbs in leased facilities. The T-12 florescent light bulbs are no longer available in the catalog; however, they are available elsewhere. The Postal Service has advised its personnel not to substitute T-12 bulbs with T-8 bulbs as they do not work even…
On January 26, the U.S. Postal Service will institute changes in mail service pricing, including a 3-cent increase on stamps from $0.46 to $0.49 for First Class letters (1 oz.), as well as a 1-cent increase on each additional ounce from $0.20 to $0.21. Postcard rates will increase by 1 cent to $0.34 from…
If the CBRE agent is a transaction specialist or a transaction manager, it is likely he/she is not a licensed real estate agent in the state where your post office is located. So, after doing your homework to discover the fair market value of your building and knowing what rent you are willing to accept,…
If you have a tax reimbursement rider in your USPS lease, it’s up to you to request a reimbursement. For tax riders prior to 1998, USPS will typically not pay special assessments; however, USPS will pay for assessments in leases that contain the tax rider dated 1998 or later. Currently, the Postal Service reimburses…
AUSPL Board Members Gary Phillips and Morgan Wolaver recently traveled to Washington, D.C. to meet with Mr. Tom Samra, USPS V.P. of Facilities, and Mr. Tom Russell, USPS Facilities National Manager of Real Estate Assets & Leasing. The nature of the meeting was an ongoing discussion on leasing terms but included avenues to work together…
By AUSPL Board Member John Heeren It’s important when dealing with the USPS or CBRE for lease renewals that you use simple and professional techniques to protect yourself and your investments. Here are a few really easy steps you can take for a successful lease extension. 1. Measure Your Building: Often when we measure the…
AUSPL Insurance Program is customized insurance for postal facilities and is available exclusively for AUSPL members. Currently, the program insures more than 7,000 facilities nationwide. AUSPL Insurance Program has been protecting members’ postal facilities since 1993. AUSPL Insurance adjusters work with lessors and their postmaster(s) to ensure buildings are repaired quickly and efficiently when the…
In our Winter 2013 newsletter, we reported the USPS had agreed to new wording of its termination clause, effectively making the shortest termination clause 30 months; however, that is no longer the case. It’s true the Postal Service is mandating all leases must include a termination clause, but may ask for a much shorter period…