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What is a 'Gross Lease'. A gross lease is a type of commercial lease where the landlord pays for the building's property taxes, insurance and maintenance. A gross lease can be modified to meet the needs of a particular building's tenants. For example, a gross lease may require the tenant to pay the utility bills. Next Up.
When looking to lease commercial property, you will find a range of terminology to describe the type of lease being offered for each building. Leases range from a full service gross lease on one end of the spectrum to a NNN lease on the other end of the spectrum. There are a range of options in the middle of these two that are typically called a gross lease or modified gross lease.