Real Estate Glossary

What is Gross Lease?

A gross lease is a type of lease agreement in which the tenant pays a single, fixed amount of rent to the landlord, and the landlord is responsible for all other expenses associated with the property, such as property taxes, insurance, and repairs. Under this type of lease, the tenant does not have to worry about the additional expenses associated with the property, making it a simpler form of lease for the tenant.

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