Ohio Certified Professional Lease & Title Analyst (CPLTA) Practice Exam

A gross lease is typically paid on a per-square-foot basis because it involves a fixed rental amount that covers all operating expenses. In this type of lease, the landlord is responsible for paying property operating expenses such as maintenance, property taxes, and insurance. Therefore, tenants agree to pay a certain amount per square foot of leased space, making it a straightforward calculation for both landlords and tenants. This type of lease simplifies budgeting for tenants since their total rental obligations are determined based on the square footage they occupy, which is common in commercial real estate transactions.

Other lease types highlight different arrangements for expenses and rental calculations, which is why they do not fit the description for a per-square-foot basis in the same way that a gross lease does.