Common Contracts
1 similar Gross Commercial Lease contracts
Commercial gross lease templateGross Commercial Lease • June 5th, 2023
A gross commercial lease agreement is a specific type of commercial rental contract used for renting property to an individual or business where the landlord is responsible for most expenses. With this binding agreement, the landlord pays for all of the property taxes, maintenance, and insurance, allowing the tenant to pay a flat rent amount. While the landlord only charges the tenant for the base rent, they can recuperate costs by multiplying the base rent by a load factor, which translates to the tenant paying for their portion of the common areas they use. Also known as a: “Gross rent lease” “Full-service lease” Definition: A type of business-focused leasing contract that puts all of the property’s operating expenses on the landlord, leaving the tenant with the responsibility of paying a single flat rental fee. The principal message behind a gross lease is that it is straightforward for tenants, giving them the ability to plan for future payments with certainty. Utilities, insurance
