Certified Apartment Portfolio Supervisor (CAPS) 2025 – 400 Free Practice Questions to Pass Module 2 Exam

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What does the term "gross lease" indicate?

A lease where the tenant is responsible for all expenses

A lease arrangement where the landlord covers most property expenses, including taxes and maintenance

The term "gross lease" specifically refers to a lease arrangement in which the landlord covers most of the property expenses. This typically includes expenses such as property taxes, insurance, and maintenance costs. In a gross lease, the tenant pays a single rent payment that generally encompasses these costs, making it straightforward for tenants to budget their rental expenses without worrying about fluctuating additional costs.

The structure of a gross lease can be appealing to tenants, as it provides clarity and stability in monthly payments. Additionally, it often results in tenants not needing to handle the direct costs associated with property management and maintenance, allowing them to concentrate on their business or personal needs without the burden of property-related expenses.

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A typical lease that applies to single-family homes

A lease structure focusing solely on base rent

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