Full Service Gross Lease

A commercial lease where the tenant pays a base rent and the landlord pays for all operating expenses related to the tenant’s occupancy of the space such as common area maintenance, utilities, property insurance, and property taxes. Full Service Gross (FSG) leases generally include an Expense Stop, or expense ceiling, above which any additional expenses are passed through to the tenant. FSG leases contrast with net leases, wherein the tenant pays for some or all operating expenses.