Gross lease

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A gross lease is a type of commercial lease where the tenant pays a flat rental amount, and the landlord pays for all property charges regularly incurred by the ownership, including taxes, utilities and water.[1] Most apartment leases resemble gross leases.[2] The term "gross lease" is distinguished from the term "net lease".

References[edit]

  1. ^ Helewitz, Jeffrey A. (2015). Basic Real Estate and Property Law for Paralegals (5th ed.). New York: Wolters Kluwer. p. 203. ISBN 978-1-4548-5122-6.
  2. ^ H. Kent Baker; Peter Chinloy (7 August 2014). Private Real Estate Markets and Investments. Oxford University Press. p. 97. ISBN 978-0-19-938877-6.
  • Principles and Practices of New Jersey Real Estate 6th Ed by Frank W. Kovats, DREI.