What does a triple net lease typically require beyond a double net lease?

A triple net lease requires tenants to pay for property taxes, property insurance, and maintenance in addition to the base rent. In contrast, a double net lease typically obligates the tenant to cover property taxes and insurance but not maintenance costs. This distinction is significant because it places a greater financial responsibility on the tenant under a triple net lease, making them accountable for maintenance and repairs, which may include everything from routine upkeep to major repairs, depending on the lease terms.

This level of responsibility can have significant implications for the tenant's budgeting and operational costs, as they need to anticipate potential repair expenses in addition to their rent and tax obligations. Therefore, tenants entering into a triple net lease must be prepared for these additional financial responsibilities compared to a double net lease scenario.