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What is a gross lease quizlet?

A gross lease is one in which the landlord takes full responsibility for most expenses associated with a property, excluding the tenants personal utilities and insurance. Most residential leases are gross leases and some even include heat and hot water in the rent.

Whats an example of a gross lease?

A gross commercial lease includes all the base rent with expenses, but they could vary between contracts. For example, it could contain maintenance, utilities, taxes, insurance, and all the rest.

What is a gross lease also called?

Gross Lease or Full Service Lease From this amount, the landlord pays all or most expenses associated with the property. This typically includes such things as taxes, insurance, and maintenance. This oftentimes also includes utilities and janitorial-type expenses.

Is a gross lease also known as a fixed lease?

What is a Gross Lease in Real Estate? Gross leases are also called Fixed leases, Flat leases, or Straight leases. Under a gross lease, the tenant pays a set amount of rent and the landlord pays all additional expenses. These expenses may include maintenance, repairs, taxes, special assessments, and insurance.

Whats an example of a gross lease?

A gross commercial lease includes all the base rent with expenses, but they could vary between contracts. For example, it could contain maintenance, utilities, taxes, insurance, and all the rest.

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