Property Management
A gross lease requires the:
ATenant to pay all property expenses including taxes, insurance, and maintenance
BLandlord to pay most or all property expenses, while the tenant pays a fixed rent✓ Correct
CBoth parties to split all expenses equally
DTenant to pay rent plus a percentage of business revenue
Explanation
In a gross lease, the landlord pays most or all operating expenses (taxes, insurance, maintenance), and the tenant pays a fixed rent. This is common in residential leases. In a net lease, the tenant pays some or all expenses in addition to base rent.
Related Pennsylvania Property Management Questions
- What is 'pro-rating' rent and how is it calculated for a Pennsylvania tenant who moves in mid-month?
- Philadelphia's 'Certificate of Rental Suitability' program requires Philadelphia landlords to:
- A percentage lease is most commonly used in:
- A property manager who collects rents and manages residential properties for a fee must hold a Pennsylvania:
- What is 'notice to quit' in Pennsylvania landlord-tenant law, and when must it be given?
- Under Pennsylvania's Landlord and Tenant Act, when must a landlord return the security deposit if no deductions are made?
- A property manager's primary fiduciary duty runs to:
- Pennsylvania's 'Warranty of Habitability' implied in residential leases means that at minimum the landlord must maintain:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →