Property Management
What is a 'gross lease' versus a 'modified gross lease' in Nevada commercial real estate?
AThey are identical lease types
BA gross lease has the landlord paying all operating expenses; a modified gross lease splits some expenses (often utilities or janitorial) between landlord and tenant✓ Correct
CA modified gross lease always benefits the tenant
DA gross lease is only used for industrial properties
Explanation
In a pure gross lease, the landlord pays all operating expenses. In a modified gross lease (common in Nevada office markets), expenses are split — the tenant may pay utilities, janitorial, or some operating costs while the landlord covers property taxes, insurance, and structural maintenance.
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