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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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