Gross Commercial Real-Estate Lease Agreement

From GM-RKB
(Redirected from gross lease agreement)
Jump to navigation Jump to search

A Gross Commercial Real-Estate Lease Agreement is a commercial lease agreement where the lease tenant pays a fixed rental amount, and the landlord is responsible for all operating expenses (including property taxes, insurance, and maintenance costs).

  • Context:
    • It can provide simplicity for both the tenant and the landlord by having a fixed rental amount and the landlord taking care of the property expenses.
    • It can be beneficial for tenants who want to have predictable costs without the fluctuations of operating expenses.
    • It can be disadvantageous for landlords if the operating expenses significantly increase, as they will be responsible for covering those costs.
  • Example(s):
  • Counter-Example(s):
  • See: Lease Agreement, Commercial Real Estate.


References