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.

Use gross lease in a sentence

My grandfather and I worked out a deal for my late great-grandmothers house in that we have created a gross lease.

​ Was this Helpful? YES  NO 10 people found this helpful.

The gross lease was optimal for the individual as they did not want to agree to any more liabilities than necessary.

​ Was this Helpful? YES  NO 5 people found this helpful.

It was a gross lease and I was glad about that because it meant that the landlord would pay a the expenses that were normally not paid by him.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
double net lease net lease