Property Management
A gross lease is one where the tenant pays:
AA base rent plus their proportionate share of operating expenses
BOnly a fixed base rent and the landlord pays operating expenses✓ Correct
CAll operating expenses directly
DRent based on a percentage of gross sales
Explanation
In a gross (or full-service) lease, the tenant pays a fixed base rent and the landlord is responsible for paying operating expenses such as taxes, insurance, and maintenance.
Related Delaware Property Management Questions
- What is 'net absorption' in commercial real estate market analysis for Delaware?
- What is a 'lease renewal' versus a 'lease extension' in Delaware?
- What is 'percentage rent' in a commercial lease arrangement in Delaware?
- Security deposits collected in Delaware must be:
- What is 'assignment of a lease' in Delaware?
- A Delaware landlord who retaliates against a tenant for reporting housing code violations by raising rent or threatening eviction is:
- What is a 'management fee' in Delaware property management, and how is it typically structured?
- In Delaware, an 'unlawful detainer' action is used by a landlord to:
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →