gross lease vs net

In Leasing Property - Asked by Enrico R. - Aug 31, 2015
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

gross typically means the rent is all inclusive of taxes, insurance, and Common Area Maintenance (it needs to be spelled out in the lease whether it also includes utilities, etc...). in a net lease the tenant is typically billed back for common area maintenance along with taxes and insurance, this is prorated based on the tenants percentage of the property (or other methodology spelled out in the lease).

Sep 1, 2015
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