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gross lease

   Also found in: Wikipedia 0.04 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.
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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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