Learn. Share. Connect. (52,363 Members)  - Join
Join Now or Sign In
for Full Access to All Features
Refinance Rates
Purchase Rates
Refinance Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates
Refinance Rates
Purchase Rates
Purchase Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates

Local Professionals
(Change Your Location)

Please add 5 and 7 and type the answer here:
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.25% -0.03%
Fed Prime 3.25% 0.00%
 
  • I'm going to go out on a limb here and guess that your question pertains to a commercial lease and you are asking about CAM instead of CAMS. In many commercial leases tenants pay for the cost of common areas and the maintenance on those areas. The acronym for these costs is CAM for Common Area Maintenance. These costs can be passed through to the tenant. They may be calculated as a fixed amount or an amount based on a percentage of the actual cost.

    These costs are not always obvious to those uninitiated to commercial lease negotiations and an unwary tenant can find themselves paying for items in addition to their rent for which they were not prepared. Common CAM costs that a tenant might be responsible for are parking area and sidewalk maintenance, public restrooms, even operational costs such as management fees, insurance, and property taxes.


    Answer Submitted on Sun, Jan 18 2009

    Rate this Answer:
    Answer Contributed by: Harlan Cooper
    Honesty - Integrity - Experience. Helping homeowners make informed decisions about their home financing for over 25 years. Serving all of Texas. 972-572-5600 Toll-free 1-866-458-5600
Submit Answer
This page has been accessed 780 times
Have more questions?  Visit our Consumer Forums and discuss your questions with our network of industry professionals.

Important Disclaimer: Questions and answers provided on the Mortgage News Daily Wiki are general information, and are not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice. Mortgage News Daily does not endorse, and expressly disclaims liability for any product, service or service provider mentioned or any opinion expressed in these questions and answers. Please read carefully the Mortgage News Daily Wiki Disclaimer.