gross lease

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Gross lease

A type of property lease in which the lessor (owner of the property being leased) pays expenses associated with ownership such as damages, taxes, and insurance.

Gross Lease

A lease in which the lessee pays the lessor (the property owner) a flat fee at agreed upon intervals (usually once per month), and, in exchange, the lessor is responsible for all maintenance and other expenses associated with the property. Most rental agreements on residences are gross leases. See also: Net lease.

gross lease

A lease in which the costs of maintaining the leased asset, including its insurance and taxes, are paid by the lessor. Compare net lease.

gross lease

A lease for a set amount of rent each month,with the landlord paying all expenses of the property and its management. It is the typical form of lease for residential properties. Contrast with a net lease in which the tenants reimburse the landlord for some or all of the expenses of ownership and management.(Net leases are common in commercial transactions.)

References in periodicals archive ?
Further, tenants who seek gross leases are often more demanding in nature, and expect the landlord to be available immediately for even the most minor of maintenance issues.
MEF, which focuses on business-essential equipment leases throughout the United States, had nearly USD18m in net assets and around USD166m in gross leases outstanding at December 31, 2011.
A return to gross leases, however, can benefit both landlords and tenants, as well as foster a building's sustainability.
There are variations on this, and we call these modified gross leases.
She has conceived, structured and negotiated virtually every form of deal including ground leases, air rights acquisition and disposition, net and gross leases, government incentive packages and a range of equity transfers from partnership and condominium interests through fee simple sales.
When the subject property is leased exclusively on all gross leases, this tax rider is combined with the appropriate capitalization rate and, in combination, become the loaded cap rate.
The Harlingen property consists of two conjoined buildings that are fully leased by the United States of America under modified gross leases.
There are two primary types of leases when it comes to a discussion of escalations: Net leases, in which the tenant is responsible for all operating and some or all capital costs; and Gross leases, in which the tenant is only responsible for increases in operating expenses above some predetermined base.