Property Management
A gross lease is one in which:
AThe tenant pays base rent plus a share of operating expenses
BThe tenant pays a flat rent and the landlord pays all operating expenses✓ Correct
CRent is calculated as a percentage of the tenant's gross sales
DThe tenant pays all property expenses directly
Explanation
In a gross lease, the tenant pays a fixed rent amount and the landlord is responsible for all or most operating expenses (taxes, insurance, maintenance). Residential leases are typically gross leases.
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