The difference between a gross lease and a net lease are as follows.
A gross lease is a lease where the tenant pays for the monthly rent and
the landlord pays the property taxes, insurance and maintenance. The
landlord may or may not pay for the tenants utilities.
In a net
lease, the tenant is responsible to pay additional costs other than the
monthly rent. These additional costs are called CAM charges, Common
Area Maintenance charges. These CAM charges in a triple net lease are
the additional costs associated with the property's monthly rent.
There are three types of net leases, a single net, double net and triple
net lease. In a single net lease the tenant is responsible to pay the
monthly rent and the property taxes. In a double net lease the tenant
pays the monthly rent, property taxes and insurance. In a triple net
lease the tenant pays the monthly rent, property taxes, insurance and
maintenance.
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