gross lease
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a "gross lease with stops," meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the "stop level," because thats where the landlords share of the costs stops.
Category: Real Estate & Rental Property → Renters' & Tenants' Rights

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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  • gross investment in the lease — bendroji investicijos į nuomojamą turtą vertė statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Pagal nuomos sutartį apskaičiuotų pagrindinių nuomos įmokų ir negarantuojamosios likvidacinės vertės suma.… …   Lithuanian dictionary (lietuvių žodynas)

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