What do full service gross leases typically include in the lease rate?

Study for the New Mexico Broker State Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Full service gross leases are designed to provide tenants with a predictable rental cost by consolidating various expenses into a single payment. This type of lease typically encompasses the base rent along with essential services such as utilities and janitorial services. The inclusion of these additional services means that tenants do not need to budget for these costs separately, making it easier to manage overall expenses.

In such structures, landlords cover the operating expenses of the property, which may include maintenance, utilities, cleaning, and sometimes other services like security or landscaping, all rolled into one gross lease rate. This provides convenience and clarity for tenants, who appreciate knowing what their total lease cost will be without worrying about fluctuating additional expenses.

The other choices focus on either a limited scope of included services or specify only certain costs, which does not reflect the comprehensive nature of a full service gross lease.

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