Actually what you are referring to as "Gross Lease Value" is simply the sum of all of the rents over the term of the lease. By example, if you had a 60-month lease at $1,000 per month for the entire term, the gross lease value would be $60,000. Typically a lease commission is calculated on this amount.
David L. is correct in his definition of a "gross lease", but I think the question was regarding to what I have defined.
Dec 18, 2008