What type of lease specifies a set amount of rent with the landlord covering all expenses?

A gross lease is characterized by a predetermined rental amount paid by the tenant, with the landlord assuming responsibility for all operating expenses associated with the property. This means that in a gross lease, expenses such as property taxes, insurance, and maintenance costs are managed by the landlord, and the tenant does not directly pay these additional costs. This type of lease provides simplicity and predictability for tenants, as their total monthly housing or operating costs remain consistent.

In contrast, other lease types involve various arrangements where tenants may be accountable for some or all of the expenses. For instance, in a net lease, the tenant typically pays a lower base rent but is also responsible for certain other costs like taxes, insurance, and maintenance. A percentage lease often ties the rent to a percentage of the tenant's sales, which can result in fluctuating expenses for the tenant. Lastly, a triple net lease shifts even more costs to the tenant, as they cover rent plus maintenance, property taxes, and insurance. These different structures cater to various business arrangements, yet they do not simplify expenses in the way that a gross lease does.