Definition: A gross lease generally requires the tenant to pay an agreed rent while the landlord pays the property operating expenses included in that rent.
Example
An office lease states one rent amount that includes property taxes, building insurance, and common-area maintenance.
Keep the distinction clear
Read the expense allocation. A gross lease can still exclude utilities or contain expense increases; the label alone does not mean every possible cost is included.
Related terms
Net Lease · Percentage Lease · Lease
Keep studying
Property Manager Duties: The Owner, the Agreement, and the Property
References: Cornell LII: gross lease
Pronunciation (US): GROHS LEES (capitals show stress)
Pronunciation reference: Merriam-Webster
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