Which of the following describes a Gross Lease?

a. A lease in which the tenant pays rent plus defined operating expenses related to the property.

b. An agreement in which the tenant pays a fixed amount of rent and some or all of the utilities while the landlord/property owner is responsible for payment of all taxes, insurance and expenses related to the property.

c. A lease in which the tenant pays the landlord a percentage of the monthly income derived from the property.

d. An agreement allowing the tenant to terminate the lease should certain conditions near the premises become intolerable.

e. An agreement in which the tenant pays a fixed amount plus their share of taxes, insurance and operating expenses.

Solutions

Expert Solution

B.An agreement in which the tenant pays a fixed amount of rent and some or all of the utilities while the landlord/property owner is responsible for payment of all taxes, insurance and expenses related to the property.

Explanation

Gross lease definition it self said

A gross lease is a type of lease where tanant pays Flat rental amount and the landlord paysfor all property charges regularly incurred by the ownership, including taxes, utilities and water.

jeff jeffy answered 1 year ago

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