gross leases
A gross lease is a type of rental agreement where the landlord covers most or all of the property expenses. This typically includes costs like property taxes, insurance, and maintenance. Tenants pay a fixed rent amount, making budgeting easier since they don’t have to worry about fluctuating costs.
In a gross lease, the landlord assumes the financial responsibility for the property’s upkeep. This arrangement is common in commercial real estate, where businesses prefer predictable expenses. It contrasts with other lease types, such as net leases, where tenants pay additional costs beyond the base rent.