Gross Lease

A gross lease is a type of rental agreement where the landlord covers all property expenses, such as maintenance, repairs, property taxes, and insurance. Tenants pay a fixed monthly rent, simplifying budgeting since they don't have to worry about additional costs. This arrangement is common in residential leases, making it easier for renters to manage their finances. Essentially, the landlord takes on the financial responsibilities associated with the property, allowing tenants to enjoy a more straightforward renting experience.