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What does full-service commercial real estate lease mean?

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full-service commercial real estate lease
Noun


A commercial lease in which the rent incorporates all of the tenant’s cost of occupancy, including utilities and cleaning as well as property maintenance, insurance and taxes, it being commonly used for commercial office space for lease in multi-tenant mid-to high-rise office buildings.

Synonym(s): 
  • bundled lease; full-service CRE lease; gross lease.
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