Property Valuation
What is a 'gross lease' in the context of a Delaware income property appraisal?
AA lease at the gross rent multiplier rate
BA lease where the landlord receives a fixed gross rent and pays operating expenses from it; used in valuation to determine effective gross income✓ Correct
CA lease that grossly exceeds market rates
DA lease covering the entire gross area including common areas
Explanation
In appraisal, a gross lease (where the landlord pays expenses) affects the property's income analysis. Contract gross rent minus expenses yields NOI.
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