What are CAM Charges in Real Estate?

What are CAM Charges in Real Estate?

CAM charges refer to Common Area Maintenance charges, which are fees paid by tenants to landlords to cover the costs associated with the upkeep and maintenance of common areas in a commercial property, such as office buildings, shopping centers, and industrial parks. These areas can include lobbies, parking lots, landscaping, elevators, and other shared spaces that benefit all tenants. CAM charges ensure that the property remains in good condition and functional for all occupants, and the specific items covered by these charges can vary depending on the lease agreement.