What type of gross lease offers full services including utilities and maintenance?

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!

A full service gross lease is designed to provide tenants with a comprehensive range of services bundled into the lease agreement. This type of lease typically includes all operating expenses such as property taxes, insurance, maintenance, and utilities, ensuring that tenants have a predictable cost structure without having to manage various separate expenses.

In this arrangement, the landlord takes on the responsibility for most property-related costs, which can be particularly appealing to tenants who prefer a simpler budgeting process and do not want to deal with the administration of utility bills or maintenance upkeep. This makes the full service gross lease a convenient choice for many businesses, especially those looking for office space where operational distractions should be minimized.

While other types of leases, like modified gross, percentage rent, or net leases, do not generally include all expenses or shift some costs to the tenant, the full service gross lease remains distinctly advantageous by encompassing a broader range of services. This creates a more straightforward and manageable rental experience for tenants.

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