gross lease
- A lease agreement in commercial real estate where the tenant pays a fixed rent, with the landlord bearing all operating costs like maintenance, taxes, and insurance
- They decided to sign a gross lease for the office space which had the landlord pay all the upkeep charges.
- Under the gross lease, the cost for building repairs will be shouldered by the landlord.
- The rent for the store is fixed under the gross lease, regardless of changing operation costs.
Provide Feedback
