Which of the following describes a gross lease with a base amount?

In a gross lease with a base amount, the tenant agrees to pay a fixed rent, while the landlord covers the operating expenses of the property up to a specified limit. If the operating expenses exceed this predetermined amount, the tenant is responsible for paying the additional costs. This structure allows tenants to have a clearer understanding of their financial obligations while providing the landlord with a way to control costs.

This answer illustrates how the responsibilities for operating expenses are divided in this type of lease, offering benefits to both parties. The tenant enjoys the stability of a fixed rate while knowing that there will be a limit on how much they might have to pay in addition to rent, enhancing predictability in budgeting for both tenants and landlords.