What is the primary feature of a "triple net lease"?

The primary feature of a "triple net lease" is that the lessee is responsible for paying not only rent but also additional expenses associated with the property. Specifically, under a triple net lease, the lessee is obligated to cover property taxes, insurance premiums, and maintenance costs. This arrangement means that the lessor (the property owner) has a reduced financial burden, as the lessee takes on these significant operational costs, making it a common structure in commercial real estate leases.

In contrast, other options do not accurately describe the nature of a triple net lease. For instance, stating that the lessee pays rent only does not capture the multi-faceted financial responsibilities included in this type of lease. Similarly, the option suggesting that the lessor covers all expenses is incorrect because it contradicts the essence of a triple net lease, where the lessee assumes those additional costs. Lastly, the assertion that the lease duration is indefinite is unrelated to the defining features of a triple net lease, as the duration of leases can vary widely and is not a characteristic aspect of this particular lease structure.