Full-Service (Gross) Lease
In a full-service (gross) lease, the tenant pays rent and the landlord generally pays operating expenses, with the extent of inclusions defined by the lease (utilities and certain services may be exceptions). This structure is common in office leasing but can be used in other asset types depending on market convention.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Negotiation
- Property types
- Commercial Leasing (Office; sometimes Retail)
Related terms
Commercial Leasing Terms
- Additional Rent
- Assignment and Subletting Clause
- Base Rent
- Base Year
- Commencement Date
- Common Area Maintenance (CAM)
- Effective Rent
- Gross-Up
- Modified Gross Lease
- Rent Commencement Date
General information, not legal, tax or financial advice.