The Full-Service Lease / Gross Lease is a pretty straight forward lease agreement, very much like renting an apartment or a home. The tenant pays the monthly rent. The owner/landlord pay all other building expenses.

To summarize what a full-service / gross lease is:

• Tenants pay: Base rent and utilities.

• Landlord pays: All building expenses, including maintenance costs, insurance, and real estate taxes.

• What to know: You can incur additional expenses beyond your base rent after the first year of your tenancy.

• Typical usage: Any commercial space. Most commonly, in properties occupied by multiple tenants, like office buildings.