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There are different types of leases discussed in the video tutorial. A gross lease involves a fixed payment by the tenant with the landlord covering property expenses. In contrast, a net lease requires the lessee to pay taxes, insurance, and maintenance in addition to the lease payment. A lease option grants the tenant the right to purchase the property during or at the end of the lease term, with the property owner as the optionor and the tenant as the optionee. Consideration is exchanged to secure the option, which can be in the form of monthly payments.