A full-service gross lease is a type of commercial lease agreement whereby the tenant is generally only responsible for paying the base rent and any additional charges for specialized services or amenities and the landlord is responsible for the upkeep and maintenance of the property and for paying all of the operating expenses. Operating expenses may include property taxes, insurance, utilities, and maintenance costs.
Full-service gross leases are often used for properties such as office buildings, where the tenant is not responsible for the day-to-day operation of the property and wants a predictable and stable rental rate. Landlords can provide tenants with a single, all-inclusive rental rate which can be a good option for tenants who want to minimize their financial liability for operating expenses. The terms of a full-service gross lease should be clearly outlined in the lease agreement.
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