A gross lease is a rental agreement where the landlord is responsible for paying all property expenses, including taxes, insurance, utilities, and repairs. Under this lease, the landlord receives rent as a gross figure and covers the operating expenses.
A net lease is a real estate lease agreement in which, in addition to the stipulated rent, the lessee (tenant) agrees to cover other expenses such as taxes, insurance, and maintenance. This arrangement results in the landlord receiving rent net of these expenses.
