Glossary of Terms

Gross Lease 2015-11-11 08:00:00

Gross Lease

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. Under a gross lease, a tenant’s base rent will represent their total financial obligations for leasing that space.  Apartment leases are often gross leases with a tenant paying base rent only and no obligation to pay their share of property-level expenses. Also known as a full service lease.