What does CAM stand for in real estate terminology?

In real estate terminology, CAM stands for Common Area Maintenance. This refers to the costs associated with the upkeep and repair of common areas within a property, especially in multi-tenant or commercial spaces. These common areas may include hallways, lobbies, parking lots, landscaping, and other shared spaces that benefit all tenants or users of a property.

Understanding CAM is crucial for tenants and property owners alike because these maintenance costs are often passed on to tenants as part of the lease agreement, and they play a vital role in maintaining the appeal and functionality of the property. Correctly identifying CAM as Common Area Maintenance helps clarify the responsibilities for upkeep and ensures that tenants are aware of additional costs they may incur beyond their base rent.