Common Area Maintenance (CAM)
CAM refers to the costs of operating, maintaining, and sometimes repairing common areas (for example, lobbies, corridors, shared restrooms, parking areas, and similar shared components), typically recovered from tenants under defined formulas. CAM is often a central part of shopping center leases and multi-tenant office/industrial leases.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Drafting / Lease Administration
- Property types
- Commercial Leasing (Retail/Office/Industrial)
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Related terms
Commercial Leasing Terms
- Additional Rent
- Assignment and Subletting Clause
- Base Rent
- Base Year
- Commencement Date
- Effective Rent
- Full-Service (Gross) Lease
- Gross-Up
- Modified Gross Lease
- Rent Commencement Date
General information, not legal, tax or financial advice.