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The types of leases discussed in today's audio clip above are:


Gross Lease- In a gross lease the tenant pays a set rent amount, and the landlord pays his own expenses. Most common example for exam prep is an apartment or home/residential lease.

Land Lease- When I rent land for use- for example a tenant farmer rents land to plant his crops on.

Grounds Lease- When I rent land to construct a building on. Usually a very long lease, over a number of years.

Percentage Lease- Often used in retail, this occurs when I pay a base rent to my landlord plus a percentage of my profits as part of the lease.

Net Lease- When a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property on top of the rent. Examples used in test prep questions often reference heavy industrial buildings. 

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