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 ?
New tenant with 5 yr + 5 yr option Modified Gross Lease $30K/yr,Landlord responsible for taxes & insurance (approx.
The US$6m high-tech, custom-built and AAA-grade headquarters will be located on a Krisp Properties 28000m2 gross lease area (GLA) at Clearwater Office Park.
Gross Lease Prospect Gross Lease Unrisked UPIIP (BCF) Pg Partially Risked UPIIP (BCF) Low Est Best Est Mean High Est Low Est Best Est Mean High Est Liassic 85.
In a gross lease, all of these items are included, but tenants are still responsible for their own utilities.
These deals have taken many forms including gross lease, net lease.
A net lease is here defined as one in which a tenant pays a pro rata share of taxes, based on percentage of space occupied, and that the gross lease is one which makes the lessor solely responsible for real estate taxes.
Like a gross lease, it lumps the majority of property costs into one payment on the behalf of the tenant.
Gross lease revenue for the first quarter of 2007 was $35.
It is not uncommon to find governmental agencies and other large entities seeking Gross or Modified Gross lease commitments.
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.
28, 2011 /PRNewswire/ -- Synergy Resources Corporation (OTC Bulletin Board: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin, today announced that it has closed on outstanding letters of intent to acquire 80,558 gross lease acres (78,738 net) in the Denver-Julesburg Basin.