The Company has various non-cancelable operating leases primarily for buildings in Hollister, California and Mansfield, Massachusetts. The leases have a lease term with varying expiration dates, which represent the non-cancelable periods of the leases and include extension options.

The lease agreement with Thomas E. Davis, LLC, a related party (see “Note 14—Related Parties”) commenced in March 2017, with a payment of $5.0 thousand a month and a one-year term. The Company had the option to extend the term of the lease for two additional separate, successive terms of one year each, following the expiration of the initial term of the lease. The Company entered into a lease extension in June 2020 and extended the lease term until June 2021. The lease agreement was not renewed beyond June 2021.

The lease agreement with Meeches LLC, a related party (see “Note 14—Related Parties”) commenced in September 2019, with a payment of $20.0 thousand a month and a five-year term.

Rent expense for the years ended December 31, 2021 and 2020 was $1.7 million and $1.2 million, respectively.

Future minimum lease payments with unrelated and related parties as of December 31, 2021 are as follows (in thousands):


	Unrelated		Related		Total
2022	$	2,551	$	267	$	2,818
2023		2,668		279		2,947
2024		2,686		191		2,877
2025		2,239		—		2,239
2026		1,209		—		1,209
Thereafter		6,538		—		6,538
Total future minimum lease payments	$	17,891	$	737	$	18,628

Teknova’s industry is characterized by frequent claims and litigation, including claims regarding intellectual property and product liability. As a result, the Company may be subject to various legal proceedings from time to time. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources, and other factors. Any current litigation is considered immaterial and counter claims have been assessed as remote.