Property Management
In Illinois, a 'gross lease' for commercial property means:
AThe tenant pays a base rent and all operating expenses
BThe landlord receives one flat rental payment from which they pay most or all property operating expenses✓ Correct
CThe tenant's rent is based on a percentage of their gross sales
DThe lease covers the gross square footage including walls and common areas
Explanation
Under a gross lease, the tenant pays a single, all-inclusive rent amount, and the landlord pays most or all operating expenses (property taxes, insurance, maintenance, utilities). Gross leases are common in full-service office buildings and some retail situations.
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