Gold Coast 45-Hour Practice Exam 2025 – Complete Study Resource

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What does the term 'fixed rent amount' refer to in a gross lease?

Rent that fluctuates with the property market

A set amount that the tenant pays regardless of property expenses

In a gross lease, the term 'fixed rent amount' refers to a set sum that the tenant pays for the use of the property. This amount remains constant over the lease term and does not change based on property expenses such as maintenance, utilities, or property taxes. Under this arrangement, the landlord is responsible for covering those variable costs, differentiating it from other lease types where costs might fluctuate. This predictability in rental expenses allows tenants to budget effectively without worrying about potential increases due to rising operational costs or market rate adjustments.

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Rent that increases every year

Rent that includes variable costs

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