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gross lease

   Also found in: Wikipedia 0.02 sec.
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 costs of maintaining the leased asset, including its insurance and taxes, are paid by the lessor. Compare net lease.
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 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.)



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? Mentioned in ? References in periodicals archive
 
A Gross lease requires only that the tenant pay a fixed charge and the landlord is responsible for building maintenance, taxes, insurance, and operating expenses.
The basics of a commercial real estate lease by Shields, Dane / Los Angeles Business Journal
After moving in, they learned that their gross lease didn't include janitorial service.
Questions to consider before you sign that lease by Whitson, Alan / Los Angeles Business Journal
The Third Quarter numbers show only a statistically irrelevant drop in average gross lease rates and minor increase in overall vacancy rates as compared to this year's First Quarter statistics.
Continuing healthy trends forecast for NJ by Schotz, Jeffrey / Real Estate Weekly
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