Management Agreements and Leases (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of contractual minimum rents to be paid

s of December 31, 2017, our leases with parties other than our TRSs provide for contractual minimum rents to be paid to us during the remaining current terms as follows:




2018	$	311,625
2019	311,861
2020	302,319
2021	301,832
2022	300,272
Thereafter	3,910,613
Total	$	5,438,522

As of December 31, 2017, we leased to TA a total of 199 travel centers under five leases, and the number of travel centers leased, the term, the annual minimum rent and the deferred rent balance owed under each of these leases were as follows:



	Number of Travel Centers	Initial Term End ⁽¹⁾	Annual Minimum Rent as of December 31, 2017		Deferred Rent ⁽²⁾
TA No. 1 Lease	40	December 31, 2029	$	52,763	$	27,421
TA No. 2 Lease	40	December 31, 2028	53,681		29,107
TA No. 3 Lease	39	December 31, 2026	54,005		29,324
TA No. 4 Lease	40	December 31, 2030	54,437		21,233
TA No. 5 Lease	40	June 30, 2032	69,527		42,915
	199		$	284,413	$	150,000


⁽¹⁾	TA has two renewal options of 15 years each under each of our TA leases.

⁽²⁾

Pursuant to a rent deferral agreement with TA, TA previously deferred as of December 31, 2010 a total of $150,000 of rent payable to us, which remained outstanding as of December 31, 2017. This deferred rent obligation was allocated among our TA leases and is due at the end of the initial terms of the respective leases as noted above, except for our TA No. 5 lease, in which case the applicable deferred rent is due and payable on June 30, 2024. These deferred rent obligations are subject to acceleration at our option upon an uncured default or a change in control of TA.