In a triple-gross lease, what is the tenant responsible for?

In a triple-gross lease, the tenant is responsible for all the operational expenses associated with the property, which includes rent, property taxes, utilities, and insurance. This type of lease structure means that the landlord typically covers the cost of building maintenance and repairs, while the tenant is responsible for the ongoing costs that arise from their use of the property.

By agreeing to a triple-gross lease, tenants accept a higher level of responsibility compared to other lease types, such as gross leases where the landlord would cover most of the expenses. This arrangement can appeal to tenants who prefer a predictable cost structure, as they can factor these expenses into their budget more effectively. Understanding this level of responsibility helps illustrate the implications of entering into different lease agreements.