Lease Types — Who Pays What — Real Estate Exam Cheat Sheet
A free, printable memory helper from CinnaPrep's real-estate exam library.
✦ Gross lease: tenant pays RENT only; landlord pays expenses (typical apartment)
✦ Net lease: tenant also pays some/all expenses — N, NN, NNN (taxes, insurance, maintenance)
✦ Percentage lease: base rent + % of gross sales (retail anchor tenants)
✦ Ground lease: land only, long-term; tenant builds — usually net
✦ Graduated lease: rent steps up on a schedule; index lease: tied to CPI
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