Modified gross

**Modified Gross**

The term “Modified Gross” refers to a type of lease agreement commonly used in commercial real estate. In a modified gross lease, the tenant pays a base rent plus a portion of the operating expenses, such as utilities, maintenance, and property taxes. Unlike a full gross lease where the landlord covers all expenses, or a net lease where the tenant assumes most costs, the modified gross lease offers a balanced approach, sharing responsibilities between landlord and tenant. This lease type provides flexibility and clarity, making it a popular choice for both parties in negotiating commercial leases. Use this tag for content related to commercial leasing terms, lease agreements, and real estate contract structures.