Gross lease

A property Lease in which the Landlord agrees to pay all expenses which are normally associated with ownership, such as utilities, repairs, Insurance, and (sometimes) taxes.

Related Terms: 7 Expense, Insurance, Landlord, Lease, Own, Property, Tax

Other Related Pages: Category: Real_Estate Starting With: G

Additional Related Terms: Accrued expense, After-tax basis, At par, All or any part, Associate member, At best, At call, Accumulated earnings tax, Adjustable life insurance, All-risks coverage