Definition
CAM covers landscaping, parking-lot maintenance, hallway cleaning, and other shared-space costs. It bills monthly as an estimate and reconciles annually against actual expenses.
The pro-rata share of shared-space upkeep charged to commercial tenants.
CAM covers landscaping, parking-lot maintenance, hallway cleaning, and other shared-space costs. It bills monthly as an estimate and reconciles annually against actual expenses.
A retail tenant with 5,000 rentable SF in a 50,000-SF plaza pays 10% of the plaza's total CAM.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.
The rent a unit would command in the open market.