What does a Triple Net Lease require the tenant to pay?

A Triple Net Lease is a specific type of commercial lease agreement where the tenant is responsible for covering three main additional costs on top of the base rent. These costs typically include property taxes, property insurance, and maintenance expenses for the property. This arrangement shifts the financial responsibility for these expenses from the landlord to the tenant, which is why the correct answer focuses on the elements of taxes, insurance, and maintenance.

The benefit for landlords in a Triple Net Lease is that they often receive a more predictable income stream without the additional burden of managing these varying costs. For tenants, this means that while they have more responsibility regarding property expenses, they also may negotiate potentially lower base rent as the total cost of occupancy might balance out.