Common area maintenance
People also ask
What is Cam in commercial leasing?
CAM charges describe the expenses a commercial property owner bills back to tenants in return for maintaining shared spaces. CAM is one of the most important concepts to grasp in commercial leasing. Clean and beautiful common areas can create a competitive advantage for tenants.
What is a CAM charge in real estate?
CAM in real estate is a charge that tenants must pay in addition to their base rent to share a portion of a building. Understanding what CAM charges are and how to calculate them may help you to accurately assess your business?operating expenses and save your company money.
How is Cam calculated for commercial property management?
Then, that CAM estimate is divided proportionally across the tenants in the building. Your percentage of the expense is calculated by dividing your square footage by the gross leasable area of the building. This total expense is calculated into your monthly operating expense, so that it can be paid in small increments throughout the year.
What are common area maintenance charges (Cam)?
Some CAM charges may include: The landlord maintains the common areas of a property using the CAM fees they collect each month. Common area maintenance charges may also be anything the landlord and tenant agree to on the CAM charges section of the lease.