A lease of property whereby the landlord (lessor) is responsible for paying all property expenses, such as taxes, insurance, utilities, and repairs.
A property lease in which the landlord agrees to pay all expenses which are normally associated with ownership, such as utilities, repairs, insurance, and (sometimes) taxes. see also net lease.
As used in the Income Approach -- A lease agreement between the landlord (lessor) and the tenant (lessee), whereby the lessee typically pays a fixed amount of rent per month for the duration of a rental agreement. The expenses associated with the real property are an expense to the lessor. Gross leases are most common in small residential income properties and apartments.
A lease of property under the terms of which the lessee pays a fixed rent and the lessor pays all property charges regularly incurred through ownership (repairs, taxes, insurance and operating expenses).
A lease in which the stated rent includes the operating expenses of the building. Same as Fully Serviced Lease and Full Service Gross Lease.
a lease where the landlord agrees to be responsible for all expenses which are normally associated with ownership of the leased premises, such as maintenance (includes utilities and repairs), insurance, and taxes
Specifies one rental price, inclusive of rent, taxes, utilities, and maintenance for the property.
Commonly specifies one rental amount inclusive of rent, taxes, utilities, maintenance, etc. associated with the rental of a property.
Rent includes real estate taxes, property insurance and maintenance. A "fully serviced" gross lease also includes utilities and janitorial in the rent.
A lease in which the landlord pays all of the property's expenses such as real estate taxes, fire insurance and other operating expenses.
As opposed to a net lease, a gross lease is one where the tenant is responsible for either none of the increase in operating expenses of the building, or only the amount above a stop. If a base or stop is involved, the lease is sometimes known as a modified gross lease.
A lease in which the lessor ( owner) is responsible for all costs and expenses of the property.
A lease of a commercial property where the landlord is responsible or paying all the expenses on the property taxes , utilities, insurance and repairs.
A lease that includes utilities, repairs, taxes or insurance in the monthly payment.
A lease in which the landlord receives stipulated rent and is obligated to pay all or most of the property's operating expenses and real estate taxes.
A lease by which the landlord pays all of the operating expenses (see Lease, Net Lease, Triple Net 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.
A lease of property whereby the lessor is to pay all property charges regularly incurred through ownership (see Net lease).
Type of lease where the tenant pays the landlord a gross amount for rent, plus sales tax where applicable.
lease agreement in which the tenant pays one constant payment, with no additions for the landlord operating expenses. However, gross leases―which are the most common type for residential properties―does not include tenant utilities, unless specifically stated in the lease. Also, some gross leases on commercial properties do have limits; with such limits, if the landlord's prorated expenses exceed a base stop amount, the tenant must pay a prorated portion of applicable expenses above that amount. For more information, see the "Overview of Leases" article in the "Real Estate In-Depth" section.
A gross lease describes a transaction in which a lessee would be liable for insurance, property taxes, maintenance expenses, and the like.
A lease in which the tenant pays a flat sum for rent out of which the landlord must pay all expenses such as taxes, insurance, maintenance, utilities, etc.
A lease in which the lessor is liable for insurance, property taxes, maintenance expenses, and the like; aka, operating lease; service lease; maintenance lease. (Compare: net lease).
A lease of property under which the lessee pays a fixed rent, and the lessor pays the taxes, insurance, and other charges regularly incurred through ownership.
A lease of property according to which a landlord pays all property charges regularly incurred through ownership, such as repairs, taxes, insurance and operating expenses. Most residential leases are gross leases
A rental agreement for the use of the property where the tenant pays a certain periodic amount which does not change as a result of changes in the various expenses of the property, which are the sole responsibility of the landlord.
A lease that vests all responsibility for operating costs with the lessor, who assumes the full risk of any increases in these costs. The tenant's payments cover all expenses except those specifically excluded or named as above-standard services.
Instead of being charged separately for property expenses as in NNN, these charges are included in the base rent.
A lease that provides that the landlord shall pay all expenses of the leased property, such as taxes, insurance, maintenance, utilities, etc.
a type of lease in which the premises are rented at a fixed rate.
A lease of property in which the lessor meets all property charges incurred through ownership.
A lease of property where the landlord pays charges regularly incurred in ownership, such as taxes, insurance, utilities, and repairs. Also see Net Lease.
A lease whereby a tenant pays only rent, and the landlord pays all expenses of operating the leased premises out of the rental amount. Sometimes landlords include rights to charge for expenses over a particular dollar limit. That dollar limit is referred to as a stop.
Owner receives rent and pays out expenses such as in apartment leasing; Net Lease: owner receives rent and tenant also pays out expenses normally paid by owner such as taxes, etc.
A lease of property whereby the landlord (i.e. lessor) pays for all property charges usually included in ownership. These charges can include utilities, taxes and maintenance, among others.
A lease type whereby the landlord is responsible for the payment of all recoverable expenses of the building. Such recoverable expenses are typically included in the calculation of Base Rent. In some Gross Leases, the tenant never pays a pro-rata share of recoverable expenses. In others, the tenant pays its pro-rata share of recoverable expenses over an Expense Stop. EXAMPLE: ABC Tenant signs a five-year lease which requires ABC to pay Base Rent of $21.00/sq. ft. plus its proportionate share of recoverable expenses in excess of $9.00/sq. ft. This is an example of a Gross Lease, because the Landlord is responsible for the payment of the first $9.00/sq. ft. of recoverable expenses, and ABC is required to pay for recoverable expenses in excess of $9.00/sq. ft.
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a "gross lease with stops," meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the "stop level," because that’s where the landlord’s share of the costs stops. Contrast with Net Lease.
A lease which obligates the lessor to pay all or part of the expenses of the leased property, such as taxes, insurance, maintenance. utilities, etc.
Rental in which the lessor pays all operating costs such as taxes, utilities, insurance and maintenance, in addition to the rent.
The most common of residential leases, whereby the landlord pays for all property expenses incurred through ownership, such as taxes, insurance, repairs, etc.
Lease structure under which the landlord pays all building expenses. Also called a Full Service Lease.
A lease during which the lessor pays all the expenses of ownership and the lessee pays a fixed rent.
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