Lease Types Flashcards
1
Q
Gross Lease
A
landlord pays expenses; tenant pays higher rent than net
2
Q
Net Lease
A
tenant pays some or all expenses; rent is less than gross
3
Q
Percentage Lease
A
landlord receives rent minimum plus percentage of retailer’s sale
4
Q
Ground Lease
A
landlord owns and leases ground but does not own improvements
5
Q
Proprietary Lease
A
for cooperative unit owners; indefinite terms; assigned to new unit owner on sale
