All Glossary Terms
Common Area Maintenance
Maintenance definition:
Common Area Maintenance (CAM) refers to the costs associated with maintaining and repairing the shared spaces of commercial properties, such as lobbies, parking lots, and elevators. These costs are typically passed on to tenants as part of their lease agreements. In a broader maintenance context, it emphasizes the importance of keeping shared facilities in optimal condition to ensure safety, functionality, and satisfaction among all users.
