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common area maintenance

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
common area maintenance (CAM)

(“CAM”is pronounced as a word) Costs required for a tenant's pro rata share of the upkeep of common areas and amenities such as the parking lot,external lighting, trash removal, and street cleaning.When obtaining quotes for retail space or office space, one should always ask about tenant CAM expenses, because a lower per-square-foot rental rate at one location may be offset by high CAM expenses.



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Rent and Premises Firstly, the rent will include the detail the rent calculation, which will normally include the CAM or common area maintenance as well as other necessary expenses.
This can vary from common area maintenance including property taxes and property insurance to only graduating discounted rent over a period of time.
Common area maintenance, property management charges, taxes, and liability and property insurance (excluding the town's property) are included in the lease price.
 
 
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