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LSDefine

Simple English definitions for legal terms

gross lease

Read a random definition: in arrears

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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