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Gross Lease
A lease in which the monthly payment made by the tenant remains the same and the landlord pays the operating expenses of the building.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding cost of goods sold.
Leasehold Improvements
Alterations or enhancements made to a leased space by or for a tenant, usually to suit the specific needs of that tenant, which typically become the property of the landlord at the end of the lease term.
Capital Improvements
Investments in physical assets or upgrades to property that increase its value or extend its use.
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