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Gross lease
A lease that states all of building's operating expenses, taxes, insurance, utilites, and maintenance fees are covered by landlord. It is agreed that the tenant only pays a predetermined fixed rental charge.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Real estate
- Category: Commercial
- Company:
- Product:
- Acronym-Abbreviation:
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