Thelandlord paysfor taxes, insurance, and maintenance (i.e., operating expenses).
Thetenant pays a fixed rent, with no variable expenses added.
Also:
Alaw enforcement agencyis agovernmental/office-type tenant, and such tenants typically prefergross leasesfor budgeting simplicity.
Ground leasesinvolve land use and construction — not applicable here.
Percentage leasesare used in retail, where rent is based on sales — not applicable.
Triple-net (NNN)leases require the tenant to pay operating costs — opposite of what the scenario states.
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