DPS Troopers and employees are covered under the State Employees Retirement System and Worker's Compensation. Social Security benefits are provided aside from the regular retirement plan. Troopers are entitled to holiday and vacation leave in accordance with State Law and Department Policy.
What is a 'Modified Gross Lease'. A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease's inception but in subsequent years pays the base plus a proportional share of some of the other costs associated with the property, such as property taxes, utilities, insurance and maintenance.
The gross rent multiplier (GRM) is a simple measure of investment performance used to compare alternative investments. The gross rent multiplier formula is calculated as follows: As shown in the formula above, the gross rent multiplier is calculated by taking the price of the property and dividing it by the potential gross income of the property. Also, notice that if we rearrange the above formula we can solve for the price of the property: