Property Management
What is a 'gross lease' as commonly used for North Dakota commercial properties?
AA lease where the tenant pays a percentage of gross sales as rent
BA lease where the landlord pays most operating expenses and the tenant pays a fixed rent✓ Correct
CA lease where the tenant pays all operating expenses
DA lease where rent increases annually based on the CPI
Explanation
In a gross lease, the tenant pays a fixed rent amount and the landlord pays operating expenses (taxes, insurance, maintenance). This is common for office and retail space in North Dakota.
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