Common Area Maintenance (CAM)
Common Area Maintenance (CAM) refers to the charges that tenants in a commercial property are required to pay for the upkeep and maintenance of shared areas. These areas might include lobbies, hallways, restrooms, parking lots, landscaping, and other amenities used by all tenants. CAM fees typically cover expenses such as cleaning, repairs, security, landscaping, and utilities for these common spaces. The costs are usually apportioned among tenants based on the amount of space they lease or a predetermined formula specified in their lease agreements. CAM charges ensure that common areas are properly maintained, enhancing the property’s overall appeal and functionality for all tenants and visitors.