gross lease

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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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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For a landlord, it's generally easier to administer a modified gross lease, and a tenant can generally plan on what the rent will be a few years out.

There's wisdom in the old cliches Plus, what's the difference between triple net and modified gross rents?

We mentioned above about a lease being a gross lease or a net lease.

VAT on commercial leases

On the other hand, in a gross lease, tenants do not get incentives to practice energy and water conservation in their units if the savings are not directly reflected in their monthly utility bills.

Green lease

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.

A formula for tax appraisals of multi-tenant properties

These deals have taken many forms including gross lease, net lease.

James Buslik Principal Adams & Company Real Estate, LLC

For example, the actual occupancy costs for a $10.00 per square foot (PSF) Net lease is going to be much higher than for a $10.00 PSF Gross lease. Tenants must be aware of the differential to be able to make a sound financial comparison.

The many ways to effect escalations in leases

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

The second quarter's average asking gross lease rate is $20.88 per square foot (plus tenant electric), up from last year's $18.64 rate for the same time period.

Tight class A market offers challenges, opportunities

A new, 40,000-square-foot, Wiz electronics superstore will open at The Old Bridge Gateway in Spring, 1994, and a new, 10,000-square-foot Old Country Buffet restaurant is scheduled to open in the Fall, enlarging the center's gross lease area (GLA) to 240,000 square feet.

Garrick-Aug arranges NJ shopping center sale

The property will be offered with a $600,000 per year gross lease and has excellent user potential.