Property Management
What is the difference between a 'gross lease' and a 'net lease' in Kansas commercial property management?
AThey are the same type of lease
BIn a gross lease, the landlord pays most operating expenses; in a net lease, the tenant pays some or all operating expenses in addition to base rent✓ Correct
CIn a gross lease, the tenant pays all expenses; in a net lease, the landlord pays all expenses
DNet leases are only used for residential property
Explanation
Under a gross lease, the landlord pays property taxes, insurance, and maintenance. Under a net lease, tenants pay base rent plus some or all operating expenses (single, double, or triple net).
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