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gross lease
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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.
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| Campbell R. Harvey's Hypertextual Finance Dictionary | Download this dictionary |
Gross lease
A type of property lease in which the lessor (owner of the property being leased) pays the expenses associated with ownership such as damages, taxes, and insurance.
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GROSS LEASE
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.
| gross lease in English
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