A lease agreement where the owner (lessor) pays all property changes normal to ownership. The opposite to net leases where the tenant (lessee) may pay taxes, insurance, maintenance and even for...1/22/2015
DefinitionA lease agreement where the owner (lessor) pays all property changes normal to ownership. The opposite to net leases where the tenant (lessee) may pay taxes, insurance, maintenance and even for damages that were not caused by the tenant.
