Property Management
A gross lease requires the tenant to pay:
AA fixed rent plus a proportionate share of operating expenses
BOnly a fixed rent, with the landlord responsible for operating expenses✓ Correct
CRent based on a percentage of business revenue
DRent plus all operating expenses, taxes, and insurance
Explanation
Under a gross lease, the tenant pays a fixed monthly or annual rent and the landlord is responsible for all operating expenses including taxes, insurance, and maintenance. Gross leases are common in residential rentals.
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