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What is a 'Gross Lease'. A gross lease is a type of commercial lease where the landlord pays for the building's property taxes, insurance and maintenance. A gross lease can be modified to meet the needs of a particular building's tenants. For example, a gross lease may require the tenant to pay the utility bills. Next Up.
A modified gross lease is a rental agreement where, in addition to their rent, tenants pay a share of other costs associated with the property. Personal Finance. A lease establishes the relationship of landlord and tenant and is both a conveyance of a possessory estate in real property and a contract between the parties.