What is another word for gross lease?

Pronunciation: [ɡɹˈə͡ʊs lˈiːs] (IPA)

The phrase "gross lease" is commonly used in the real estate industry, referring to a type of lease agreement where the tenant pays a fixed amount of rent, and the landlord covers the costs of property taxes, insurance, and maintenance. However, there are a few synonyms that can be utilized to describe this lease type. One alternative term is "full-service lease", which implies that the landlord takes responsibility for all expenses related to the property. Another synonym could be "inclusive lease", as it suggests that the rental amount already includes all additional costs. Lastly, the expression "all-inclusive lease" is also frequently used to convey the same idea.

What are the opposite words for gross lease?

Net lease is the direct antonym for gross lease. In a gross lease, tenants pay a fixed rent that includes all the costs of running the property like utilities, maintenance, insurance, and property taxes. On the other hand, a net lease is a type of commercial lease in which the tenant pays for operating and maintenance costs associated with the property. The net lease can be of two types, single net lease or double net lease, depending on what specific expenses are included in the contract. In a single net lease, the tenant pays property taxes in addition to the rent, while in a double net lease, they also pay for insurance. Net lease arrangements are increasingly common in commercial real estate and are suitable for tenants who prioritize cost control and predictable expenses.

What are the antonyms for Gross lease?

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