gross lease definition

gross lease

Lease arrangement in which the tenant (the lessee) pays only a fixed fee or rent and the owner (the lessor) is responsible for the associated general expenses such as insurance, maintenance, and taxes. In case of property leases, the lessor may also pay for garbage collection, security, and utilities. An operating lease is a gross lease whereas a capital lease is not. See also net lease.

gross lease is in the Banking, Commerce & Finance and Purchasing & Procurement subjects.

gross lease appears in the definition of the following term: net lease

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