What does a tenant in a triple net lease NOT pay for?

In a triple net lease (NNN), tenants typically cover three major costs in addition to their base rent: property taxes, insurance premiums, and maintenance costs. These additional expenses are referred to as the "three nets," which is where the term "triple net" originates.

However, monthly utility bills, such as electricity, water, and gas, are generally not included in the scope of a triple net lease. Instead, these utility costs tend to be the responsibility of the tenant but are considered separate from the three primary costs outlined in a triple net lease agreement. Therefore, it’s correct to say that tenants under such a lease structure do not pay for monthly utility bills as part of their triple net lease obligations. Instead, they would typically handle these costs directly, ensuring they manage their own consumption and billing outside of their lease's triple net provisions. This distinction clarifies the nature of expenses outlined in a triple net lease versus operational costs that tenants manage independently.