What Is Gross Lease?
A gross lease has the tenant pay one flat rent, with the landlord responsible for paying property taxes, insurance, and maintenance out of that rent.
Triple Net (NNN) Lease vs. Gross Lease
Tenant pays base rent plus taxes, insurance, and maintenance — the landlord's income is highly predictable.
Tenant pays one flat rent; the landlord covers taxes, insurance, and maintenance out of that rent.
A modified gross lease splits these costs by negotiated agreement, landing somewhere between the two.
Full comparison: Gross Lease vs Net (NNN) Lease, with a worked example →
Related Terms
More Commercial & Appraisal Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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