A lease in which the tenant pays a lump sum to the landlord and the landlord is responsible for paying the property taxes and assessments on the property is known as a ________.

Question

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A lease in which the tenant pays a lump sum to the landlord and the landlord is responsible for paying the property taxes and assessments on the property is known as a gross lease. This type of lease is commonly used in residential rentals where the landlord wants to maintain control over the property and its expenses.

A Lease in Which the Tenant Pays a Lump Sum