Brittany has a small office in a professional building. She has a set monthly lease payment that has been calculated to include maintenance of the common areas in the building, such as the restroom and small kitchen, and all nets, utilities, and janitorial charges for her space. The payment also includes taxes and insurance. The landlord takes these payments and pays the individual expenses himself. What type of lease does Brittany have?

Question

Social Studies

Marlon Barnett

19 November, 01:12

Brittany has a small office in a professional building. She has a set monthly lease payment that has been calculated to include maintenance of the common areas in the building, such as the restroom and small kitchen, and all nets, utilities, and janitorial charges for her space. The payment also includes taxes and insurance. The landlord takes these payments and pays the individual expenses himself. What type of lease does Brittany have?

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Answers (1)

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Molly Odonnell · Answer 1

Gross lease

Explanation:

In a gross lease agreement, a tenant will be charged with the same amount money for the usage of a property along with everything else related to the properties (including things such as electricity, water, insurance, maintenance, etc,)

In this type of lease, most landlords will already calculate the monetary value of the utilities and add them to the flat rate. This will free the tenant from the responsibilities to pay the monthly utility to the government and make the living arrangement become a lot simpler.

In united states, most apartment in bug cities tends to use this type of lease agreement.