What describes the rights of a tenant under a gross lease?

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Get ready for the Gold Coast Real Estate Exam with our study tools. Use flashcards, multiple choice questions, and detailed explanations to boost your confidence and pass with ease!

A gross lease is a type of rental agreement where the tenant pays a fixed amount of rent, and the landlord covers most, if not all, property expenses associated with the operation and maintenance of the property. This arrangement typically includes costs such as property taxes, insurance, and maintenance expenses, which the landlord is responsible for.

In this scenario, the tenant is not burdened with additional costs beyond the agreed-upon fixed rent, which allows them to budget more effectively and have clarity around their financial obligations. This structure is advantageous for tenants as it provides predictability in their housing costs without the surprise of fluctuating expenses throughout their lease period.

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