Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

gross lease

Read a random definition: new issue

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
LSD+ is ad-free, with DMs, discounts, case briefs & more.