Property ManagementIntermediateDelaware Exam
What is a 'gross lease' in commercial property management?
AA lease where the tenant pays base rent plus all operating expenses
BA lease where the landlord pays most or all operating expenses from the gross rent receivedCorrect
CA lease with a percentage of gross sales as additional rent
DA lease where utilities are metered separately for each tenant
Why A lease where the landlord pays most or all operating expenses from the gross rent received Is Correct
Answer B: A lease where the landlord pays most or all operating expenses from the gross rent received
In a gross lease, the landlord pays most or all operating expenses (taxes, insurance, maintenance) out of the rent received. The tenant pays a fixed gross rent without additional operating expense obligations.
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
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