What is the main responsibility of the tenant in a triple net lease?

In a triple net lease, the tenant assumes a broader scope of financial responsibilities beyond just paying their base rent. This type of lease agreement typically requires the tenant to cover base rent along with all operating expenses associated with the property. These expenses generally include property taxes, property insurance, and maintenance costs.

This arrangement is particularly common in commercial real estate, as it shifts the financial burden of operating expenses from the landlord to the tenant, offering the landlord a more predictable income stream without the direct responsibility of managing these costs. It allows tenants to have a stake in the operational aspects of the property, making them more invested in its upkeep and overall financial health.

In contrast, other choices suggest limited financial obligations that do not fully encompass the tenant's responsibilities under a triple net lease, which specifically includes all operating expenses, not just one component.