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What Is a Modified Gross Lease?

By Matthew Frankel, CFP – Updated Sep 24, 2024 at 10:18AM

Key Points

  • Gross leases charge tenants only for rent and utilities, landlord covers taxes and maintenance.
  • Net leases require tenants to pay for taxes, insurance, and most maintenance.
  • Modified gross leases mix both, sharing costs between tenants and landlords variably.
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