what does gross mean

In Leasing Property - Asked by Maria V. - Apr 11, 2012
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Answer(s)

Rob M.
Lender/Mortgage Broker
Houston, TX

Nicolas- Great answer, thanks.

Apr 12, 2012
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Dick S.
Broker/Agent
Grand Junction, CO

Usually in reference to a lease: A lease under which the tenant (lessee) pays a fixed rent amount. The landlord (lessor) is responsible for paying all property expenses (e.g., taxes, insurance, utilities, repairs, etc.), and these costs are factored into the rent paid by the tenant. A modified gross lease would usually require the tenant to pay separately metered utilities.

Apr 12, 2012
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Michael E.
Broker/Agent
Houston, TX

A Gross Lease is a lease in which all expenses associated with owning and operating the property are paid by the landlord. A base year for expenses is established the year the lease is signed with any overages billed to the tenant the subsequent year.

Apr 13, 2012
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Daniel L.
Broker/Agent
Lake Worth, FL

For a Lease the answer given are correct; BUT gross can also be defined by the Market Area where the property is located.
There are other terms for GROSS like GRA = Gross Rentable Area, etc
Look up definitions in the Black Law Dictinary and the ICSC.

Apr 15, 2012
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

The term gross can be misleading. It can mean full service; all taxes, insurance, and other common area maintenance is included in the lease rate. It could also mean utilities are included. This term needs to be defined within the actual lease so the tenant knows what to expect

Apr 16, 2012
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