Ontario Real Estate Licensing Exam Practice · Question
When a commercial tenant is negotiating a Gross Lease, which of the following expenses is MOST LIKELY to be included in the fixed rent payment?
In a Gross Lease, the landlord typically covers most or all of the operating expenses, including property taxes, building insurance, and common area maintenance
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Question: When a commercial tenant is negotiating a Gross Lease, which of the following expenses is MOST LIKELY to be included in the fixed rent payment?
Answer options: ✅ Property taxes, building insurance, and common area maintenance (CAM) charges.
- Utilities, janitorial services specific to the tenant's unit, and tenant's personal business insurance.
- Repair and maintenance of the tenant's specialized equipment and internet service.
- Capital improvements to the building's structure and the tenant's fit-up costs.
Correct answer: Property taxes, building insurance, and common area maintenance (CAM) charges.
Explanation: In a Gross Lease, the landlord typically covers most or all of the operating expenses, including property taxes, building insurance, and common area maintenance (CAM) charges, within the fixed rent payment. This provides the tenant with predictability for their occupancy costs.
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