Explain what a gross lease is

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Reference no: EM133314937

Question: Your friend has founded a start-up company developing a new technology that renders microscopes more usable for octogenarians. He has raised significant equity to fund the next step in the growth of his business and is looking to lease new space for his (hopefully) growing company. To help him find the perfect space, he has engaged a real estate broker, who keeps using the words "gross" and "net" to describe leasing opportunities. Having no idea what "gross" or "net" mean in the context of leasing, your friend comes to you for help. Please explain what a "gross" lease is and what a "net" lease is. Which type of lease, gross or net, would you recommend that your friend pursue? Why?

Reference no: EM133314937

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