What are common area maintenance (CAM) fees?

Common area maintenance (CAM) fees refer to the costs incurred for the maintenance and upkeep of shared facilities and spaces within a property, such as lobbies, hallways, landscaping, parking lots, pools, gyms, and other communal areas that are used by all tenants or owners. These fees are typically charged in multi-tenant properties like shopping centers, office buildings, and condominium complexes.

CAM fees cover various expenses which can include janitorial services, landscaping, repairs, security, maintenance of common utilities, and sometimes even management fees. The purpose of these fees is to ensure that shared spaces are maintained to a standard that benefits all users and enhances the overall property value.

Understanding the nature of CAM fees is essential for tenants and property owners alike, as they can significantly impact operating costs. This knowledge helps individuals budget accordingly and understand their financial obligations when leasing or managing properties.