A full-service gross lease is a type in which the tenant pays a monthly rent covering all the costs associated with operating and maintaining the property. This includes utilities, taxes, insurance, and common area maintenance charges. A full-service gross lease takes care of everything except the tenant's business expenses.
This can be an excellent option for businesses that want to simplify their finances and avoid the hassle of dealing with multiple vendors. And because the landlord is responsible for keeping the property in good condition, tenants can focus on running their business without worrying about maintenance issues.
Published: Sep 20, 2022
Updated: Sep 20, 2022