gross lease


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gross lease

A lease in which the owner receives the contractual rent out of which he or she must pay all or most of the operating expenses of the real estate.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
In a modified gross lease, the net items are wrapped in with the base rent, so the rent is quoted at $15 per square foot.
FlexShopper announced that it expects to record year-over-year lease origination growth in 2018, with gross lease originations increasing 45.8% to $58.2 million from $40.0 million in 2017 and beating guidance by approximately $6 million.
The obvious question is, will the lease be a gross lease or net lease?
As of 30 September 2016, CSF had gross lease receivables of USD 258m, or net lease receivables of USD 234m with an average yield of approximately 6%.
The other type is called gross lease where the landlord assumes responsibility for building operation and other costs.
A net lease is here defined as one in which a tenant pays a pro rata share of taxes, based on percentage of space occupied, and that the gross lease is one which makes the lessor solely responsible for real estate taxes.
The third lease, the Gross lease, is approximately 30 acres and is located in Clay county, Kentucky.
In a gross lease, all of these items are included, but tenants are still responsible for their own utilities.