Gross Lease


Gross Lease
A type of commercial lease where the landlord pays for the building's property taxes, insurance and maintenance. A gross lease can be modified in a number of ways to best meet the needs of a particular building's tenants (for example, a gross lease may or may not require the tenant to pay utility bills).

The opposite of a gross lease is a net lease. Under a net lease, the tenant is responsible for some of the additional costs associated with the property. There are three types of net leases: single net, double net and triple net. Under a single net lease, the tenant pays rent plus property taxes. Under a double net lease, the tenant pays rent plus property taxes and insurance. Under a triple net lease, the tenant pays for rent plus property taxes, insurance and maintenance.


Investment dictionary. . 2012.

Look at other dictionaries:

  • gross lease — 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… …   Law dictionary

  • Gross lease — In a gross lease, the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. Most apartment leases are gross leases.References* Principles and Practices of New Jersey Real Estate 6th… …   Wikipedia

  • gross lease — Fin a lease that does not require the lessee to pay for things the owner usually pays for. See also net lease …   The ultimate business dictionary

  • 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. Bloomberg Financial Dictionary …   Financial and business terms

  • Modified Gross Lease — A type of real estate rental agreement where the tenant pays base rent at the inception of the lease but in subsequent years pays the base plus a proportional share of some of the other costs associated with the property, such as property taxes,… …   Investment dictionary

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • gross investment in the lease — bendroji investicijos į nuomojamą turtą vertė statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Pagal nuomos sutartį apskaičiuotų pagrindinių nuomos įmokų ir negarantuojamosios likvidacinės vertės suma.… …   Lithuanian dictionary (lietuvių žodynas)

  • Gross withdrawals —   Full well stream volume from both oil and gas wells, including all natural gas plant liquids and nonhydrocarbon gases after oil, lease condensate, and water have been removed. Also includes production delivered as royalty payments and… …   Energy terms


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