modified gross lease


A real estate lease that requires the tenant to pay the base rent and requires the landlord to cover all costs relating to property operations.

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It was a modified gross lease and I felt that was fair because it made everyone responsible for their part.

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The modified gross lease was optimal for us as we did not want to take on additional or unnecessary responsibility.

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Because the property owner receives tax benefits by covering the utilities at my complex, he had me sign up on a modified gross lease.

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modified following modified internal rate of return (MIRR)