Definition
Charges billed to commercial tenants for their pro rata share of maintaining shared building areas.
Example
CAM reconciliation at year end produced a $6,200 true-up billed to the tenant.
Related terms
Frequently asked questions
What does Common Area Maintenance mean in real estate?
Charges billed to commercial tenants for their pro rata share of maintaining shared building areas.
How is Common Area Maintenance used in practice?
CAM reconciliation at year end produced a $6,200 true-up billed to the tenant.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.