Generally speaking, there are two types of leases — gross and net. With a gross lease, a tenant pays a flat fee for use of the property, and the landlord is responsible for any operating expenses.

A modified gross lease is less inclusive. It includes the rent as well as a negotiated portion of the operating expenses, which is determined by the landlord. A triple net lease, often abbreviated ...

You might see various other types of leases, such as double net, modified gross, or a gross lease. The primary difference between these different types of leases is who pays for property-level ...