CAM - Common Area Maintenance

The definition of mortgage term: Common Area Maintenance

The amount of additional rent charged to a tenant to maintain the common areas of a property which benefits all tenants. Common areas can be parking lots, lobbies, lawns, or any other area on the premise that is not owned by an individual owner. This is most often found in condominium and apartment complexes.

 

Go back to the Mortgage Terms page to learn more!

 

Similar Terms

    No Similar Terms

Get Started