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What is a full-service gross lease?
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 because the landlord is responsible for keeping the property in good condition, and tenants can focus on running their business without worrying about maintenance issues.
Published: Sep 20, 2022
Updated: May 26, 2023
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Our talented and experienced attorneys and team members come from diverse backgrounds, but we share a common belief in doing right by those that entrust us with their legal matters. At Easler Law, we bring real-world experience to the table, we will critically think for you, we will do the work right, and we will never make excuses.