Chicago Workers Compensation Lawyer, Illinois
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Alt Leo F221 N La Salle St Ste 2014
Chicago, IL 60601
Dean Caras320 W Illinois St Apt 2216
Chicago, IL 60654
Legal Term Highlighted
gross lease: A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a "gross lease with stops," meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the "stop level," because that’s where the landlord’s share of the costs stops.