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LSDefine

Simple English definitions for legal terms

gross lease

Read a random definition: omne quod in se erat

A quick definition of gross lease:

A gross lease is a type of commercial lease where the tenant pays a fixed amount of rent periodically to the landlord. Unlike net leases, where the rent varies based on expenses like maintenance, taxes, and insurance, a gross lease includes all of these costs in the rent. This means that the tenant may pay a higher rent, but they are not responsible for any changes in expenses. The specifics of what the rent includes can be negotiated between the tenant and landlord, and some gross leases may combine elements of both gross and net leases.

A more thorough explanation:

A gross lease is a type of commercial lease where the tenant pays a fixed amount of rent periodically to the landlord. This is different from a net lease where the rent varies based on expenses like maintenance, taxes, and insurance.

In a gross lease, the landlord includes all expenses like maintenance fees, taxes, and insurance in the rent calculation. This means that the tenant has a predictable rent amount and is not responsible for any changes in expenses.

For example, if a tenant signs a gross lease for a retail space, they may pay $5,000 per month to the landlord. This amount includes all expenses like property taxes, insurance, and maintenance fees. The tenant does not have to worry about any changes in these expenses during the lease term.

However, some gross leases may include certain expenses like utilities or lawn maintenance, while others may not. Additionally, some gross leases may have a "stop level" where the tenant will pay a higher rent if the landlord incurs expenses above a certain level.

Overall, a gross lease provides a predictable rent amount for the tenant and reduces their liability for changing expenses.

gross income | gross negligence

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texaslawhopefully
22:30
@KnowledgeableRitzyWasp: That all sounds great. It sounds like it has fairly diverse cuisine for a smaller city
yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
^^^^ truuuuuu
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
22:32
personally i think taste of thai is better than taste of thai express but thats just me
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
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