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Published on Mar 5, 2012
What are CAM charges? This stands for Common Area Maintenance charges and is basically the cost for items such as snowplowing, grass cutting, parking lot maintenance, common area lighting, and any cost that are shared among the tenants.
These charges are based on actual expenses and are apportioned among the Tenants. CAM charges are quoted as $X.XX/SF and are based on rentable square Footage. Typically these charges are paid monthly based on estimated costs for the year.
At the end of the year, usually on or before April 1st of every year the actual CAM charges are tallied and either a credit or debit is passed on to the Tenants.
It is important as a tenant that you review the CAM Reconciliation Report. For example if you see a line item for security in the amount of $60,000 but you haven't seen a security guard all year, well you might want to have a meeting with your Landlord.