Who typically pays all property expenses in a gross lease?

Study for the South Carolina Real Estate Broker Exam. Prepare with flashcards and multiple choice questions, each with detailed hints and explanations. Get ready to ace your broker licensing exam!

In a gross lease, the landlord is responsible for paying all property expenses associated with the leased premises. This includes costs such as property taxes, insurance, and maintenance expenses. The tenant typically pays only the rent, which is a set amount that does not fluctuate based on the operational costs of the property.

This arrangement simplifies budgeting for tenants, as they can predict their monthly expenses without worrying about additional costs. For landlords, offering a gross lease can make a property more attractive to potential tenants by providing a straightforward leasing arrangement.

The tenant does not bear the burden of variable costs, which can fluctuate and may lead to financial unpredictability. Therefore, the landlord's assumption of these costs is a defining characteristic of gross leases, making it the correct answer.

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