PROPERTY & LEASING
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Gross lease
Also called: full service lease · gross rent
A lease in which the landlord pays many property operating expenses from rent, with the exact allocation determined by the lease.
What it means in practice.
Gross and modified-gross leases shift expense risk differently from net leases.
Why it matters.
Lease structure directly affects NOI and valuation.
Additional notes.
Gross and modified-gross leases shift expense risk differently from net leases.
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