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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.
What Is a Lease? A lease is a contract between a landlord (lessor) and renter (lessee). For apartment leases, the landlord is often an apartment complex or a rental agency. In the lease, the renter agrees to pay the landlord to live in the property for a specified amount of time, usually a year, though this can vary.