What is a characteristic of triple-net leases?

A characteristic of triple-net leases is that they require tenants to cover all operational expenses associated with the property. This typically includes costs for property taxes, insurance, and maintenance, which are all the responsibilities of the tenant under this type of lease. This arrangement provides landlords with a predictable income stream without the fluctuation of operational expenses impacting profitability, allowing them to focus on ownership and investment returns rather than daily management.

The other choices do not accurately reflect the nature of triple-net leases. These types of leases are generally long-term, not short-term, and they are more frequently associated with commercial properties rather than residential ones. Additionally, in a triple-net lease, utilities and other operational expenses are typically the tenant's responsibility rather than the landlord's, further emphasizing the tenant's financial commitment to covering the ongoing costs of the property.