Property Management
A gross lease (used in residential rentals) means:
AThe tenant pays all operating expenses
BThe landlord pays all property expenses and the tenant pays a fixed rent✓ Correct
CRent increases annually based on a CPI index
DThe tenant pays a percentage of gross sales as additional rent
Explanation
In a gross lease, the tenant pays a fixed rent and the landlord is responsible for all operating expenses including taxes, insurance, and maintenance.
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