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Gross Lease
A lease agreement where the tenant pays a fixed base rent and the landlord pays all standard property operating costs, taxes, and insurance.
A Gross Lease, commonly known as a Full Service Lease, is an agreement where the tenant pays a flat rental amount and the landlord assumes responsibility for paying all property operating costs, including property taxes, hazard insurance, and structural/common maintenance.
More in Leasing
See all Leasing terms →Assignment of Lease
The complete legal transfer of an existing tenant's entire leasehold rights, obligations, and physical occupancy to a new incoming tenant.
Read definition →Base Rent
The fixed minimum monthly rent agreed upon in a lease agreement, excluding utilities, janitorial, or shared operating expense pass-throughs.
Read definition →Co-Tenancy Clause
A commercial lease clause granting rent reductions or termination rights if anchor tenants vacate or center occupancy falls below agreed levels.
Read definition →Continuous Operation Covenant
A commercial lease requirement obligating a retail tenant to keep its store open, fully stocked, and staffed during designated business hours.
Read definition →Escalation Clause
A commercial lease provision specifying annual rent increases tied to a fixed percentage, stepped rates, or the Consumer Price Index (CPI).
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