gross lease


Also found in: Encyclopedia, Wikipedia.

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 ?
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.
We mentioned above about a lease being a gross lease or a net lease.
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.
A return to gross leases, however, can benefit both landlords and tenants, as well as foster a building's sustainability.
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.
These deals have taken many forms including gross lease, net lease.
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 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.
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.
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.
The property will be offered with a $600,000 per year gross lease and has excellent user potential.
New tenant with 5 yr + 5 yr option Modified Gross Lease $30K/yr,Landlord responsible for taxes & insurance ($5,600/yr),Tenant responsible for increases in T&I.Very motivated Seller all offers considered.This is an investment property.