In this type of property lease, the current tenant will pay a fixed rent either monthly or yearly. It is paid even if the landlord’s costs of operation such as insurance, taxes, and maintenance. The tenant can accept a gross lease with stops, which means the tenant can help supplement the costs should the operating costs rise over a set amount.
Gross Lease
In this type of property lease, the current tenant will pay a fixed rent either monthly or yearly. It is paid even if the landlord’s costs of operation such as insurance, taxes, and maintenance. The tenant can accept a gross lease with stops, which means the tenant can help supplement the costs should the operating costs rise over a set amount.
