What are the differences between a "Gross Lease" and a "Net Lease"?
A gross lease obligates the Landlord to pay taxes and operating expenses on a property. In theory, the level of rent paid by a tenant is high enough to cover the landlord's expense outlays.
Net leases require the tenant to pay a base rent plus a portion of the operating expenses. Full net leases also called "net-net-net" or "triple net" leases typically require tenants to cover all expenses, including taxes, insurance, utilities, repairs, and maintenance. Some net leases may require the tenant to pay some expenses and the landlord to pay other expenses. The term "net lease" applies to any and all leases under which a tenant pays portions of the operating expenses.
The is brought to you by our expert Commercial Real Estate Agents at NAI Landmark. Special Thanks to Vern Bitz. Contact Vern directly 406- 556-5037, by fax 406 556-5006 or by email Vern.Bitz@nailandmark.com
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