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Simple English definitions for legal terms

gross lease

Read a random definition: equitable-parent doctrine

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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windyMagician
11:09
shaq hows ur love life going? any updates?
shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
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