Gross Lease..!
A type of commercial lease where the landlord pays for the building's
property taxes, insurance &
maintenance.
A gross lease can be modified in a number of ways to best
meet the needs of a particular building's tenants (for example, a gross lease
may or may not require the tenant to pay utility bills).
Investopedia explains Gross Lease..!
The opposite of a gross lease is a net lease.
Net lease..!
Under a net lease, the tenant
is responsible for some of the additional costs associated with the property.
There are 3 types of net leases: single net, double net and triple net.
Under a single net lease, the tenant pays rent plus property taxes.
Under a
double net lease, the tenant pays rent plus property taxes and insurance.
Under
a triple net lease, the tenant pays for rent plus property taxes, insurance and
maintenance.
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