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".


Keep in mind that you will need several things before you can officially make the choice to rent an apartment. The Federal Trade Commission lists them below: [6]

When you apply to rent an apartment or house, you will need:

  • information about your employer and your income
  • identification, like a driver’s license, for a credit or background check
  • information about where you lived before[3]

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.
  3. ^ "Why Rent An Apartment?". The Apartment Saver | Apartment Locator Dallas. 2019-06-19. Retrieved 2019-07-20.
  • Principles and Practices of New Jersey Real Estate 6th Ed by Frank W. Kovats, DREI.