Definition
In a gross lease the tenant pays one rent number that covers everything. Contrast with net leases where the tenant pays some or all operating expenses on top.
A commercial lease where the landlord pays operating expenses; the tenant pays a flat rent.
In a gross lease the tenant pays one rent number that covers everything. Contrast with net leases where the tenant pays some or all operating expenses on top.
An office tenant pays $30/SF gross — the landlord covers taxes, insurance, and CAM out of that rent.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.