What type of lease is characterized by a tenant covering both rent and certain additional costs?

A net lease is characterized by the tenant covering both the rent and certain additional costs associated with the property. This type of lease typically requires the tenant to pay a portion or all of the property expenses, which may include property taxes, insurance, and maintenance costs, in addition to the base rent.

In contrast, a gross lease usually includes all expenses within the rent payment, meaning the landlord is responsible for covering costs such as utilities and property taxes. An entry-only lease often refers to a basic rental arrangement allowing tenants to utilize a space without additional costs typically associated with leasing. An open lease can be a less commonly defined term that does not align with the specific structure of costs generally characterized in net and gross leases.

Understanding the differences between these types of leases is crucial for anyone involved in real estate, as it affects both the financial obligations of the tenant and the overall management structure of the rental property.