What typically characterizes a gross lease?

A gross lease is characterized primarily by the fact that the landlord is responsible for paying all expenses associated with the property. This typically includes maintenance costs, property taxes, insurance, and utilities. Essentially, the tenant pays a fixed rent, and the landlord covers the variable costs, creating a straightforward financial arrangement for the tenant.

In contrast, under different types of leases, tenants might be responsible for various operational expenses or variations based on sales, which do not apply in a gross lease scenario. This makes the gross lease a common choice for tenants seeking predictability in their operating costs, as they can budget more effectively without worrying about fluctuating expenses within the property.