Commercial leases definitions
Author: 
John Vanhara
John Vanhara From a broad perspective, there are a few types of leases commonly found. Within these categories, leases may vary considerably.
Gross lease: The tenant pays a set amount of rent and the landlord is responsible for payment of taxes, insurance and other costs associated with owning the property.
Net lease: The tenant pays the rent plus a portion of the maintenance fees, insurance premiums and other operating expenses.
Triple-net lease: Typically, for a freestanding facility, this type of lease has the tenant paying for all fees and operating expenses associated with the space. Related Articles