Common Area Maintenance

Common Area Maintenance (CAM) refers to the expenses incurred in maintaining shared spaces in commercial or residential properties, such as hallways, lobbies, parking lots, and landscaping. These costs can include cleaning, repairs, security, and utilities for these areas. Typically, property owners or tenants contribute to CAM fees based on their space’s proportionate share. CAM fees ensure that common areas remain safe, clean, and functional for all users, enhancing the overall value and appeal of the property. Understanding CAM is essential for budget planning in property management and real estate leases.