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common area maintenance

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Hutchinson 0.02 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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Commissioner Bernard Parks said the NFL won't agree to pay rent, but will pay for common area maintenance, which could amount to the same thing.
Total rent expense including common area maintenance and utilities charges for the year ended June 30, 2002, was $109,241.
45 per square foot, plus a share of insurance, utilities and common area maintenance costs.
 
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