CAM refers to the maintenance of any and all areas which are for the convenience of all tenants. The costs associated therewith may be paid by the landlord by incorporation in the rent structure with a base year established and increases passed on to the tenants, or by a formula in which all costs including management thereof are directly passed on to the tenant.
Fees charged directly to the tenants for the upkeep of common areas. Such amenities include hallways, elevators, barbecue areas etc….
An additional, annual charge oftened assess to tenants for maintenance of the property's “common area” such as its hallways and bathrooms.
The maintenance and costs of operating the common areas of a multi-tenant property. Tenants pay for these charges on pro rata basis.
Usually on multi-tenanted properties is the maintenance of land and/or its improvements that exists for the common benefit of many or all tenants and/or the property owners.
Operational expenses related to the maintenance of retail and office properties. Under a triple net lease the tenant is required to reimburse the landlord for their proportionate amount of this expense. (Based on square footage)
An additional, annual charge often assessed to tenants for maintenance of the property's "common area", such as its entryways, hallways or bathrooms.
Maintenance charges for items such as landscaping, snow removal, common area utilities, etc., that may be charged directly to tenants as reimbursement for these type expenses in an income property.
This is the amount of Additional Rent charged to the tenant, in addition to the Base Rent, to maintain the common areas of the property shared by the tenants and from which all tenants benefit. Examples include: snow removal, outdoor lighting, parking lot sweeping, insurance, property taxes, etc. Most often, this does not include any capital improvements (see " Capital Expenses") that are made to the property.
CAM) An additional, annual charge often assessed to tenants for maintenance of the property's "common area". Includes interior items; entryways, hallways or bathrooms, and exterior items; parking areas, grounds and exterior painting.
The maintenance and repair of the areas of the shopping center or building used in common by more than one tenant. Tenants are generally required to pay their share of common area maintenance, which consists of things like security, parking lot repairs, snow removal, and lighting.
