Practice Real Estate
Real Estate Tests
Real Estate Vocabulary
A gross lease is:
An agreement where the tenant pays a fixed amount of money, and the landlord covers all of the operating expenses of the property for that period.
An agreement where the tenant pays a variable rent amount, based on the total expense of running the property for the month.
An agreement where the tenant pays a fixed amount for rent, including a variable amount for certain utilities.
An agreement where the tenants live for free as long as the peoperty maintenance costs are paid.