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?
Word of the Day
Jaundice Obstructive Intrahepatic
-
Jaundice Obstructive Intrahepatic is a condition where there is a blockage in the bile ducts, leading to the buildup of bilirubin in the blood and yellowing of the skin and eyes. T...