Gross Lease
What is it? A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlords 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 landlords 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 thats where the landlords share of the costs stops.Added By: Juliana
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