cam tim property managemnt cam reconciliation: T.I.M vs. CAM by JM Padron, CCIM, CCP
- 01/17/21 03:17 PM
The term “C.A.M” stands for “Common Area Maintenance”, however this term is being widely used to describe the “NNN” additional rent that a Tenant must pay the Landlord to cover forProperty Taxes, Property Insurance and Property Maintenance. I strongly believe that the use of this term brings misinterpretation to the definition itself. To better understand these definitions, I would like to present some concepts for “CAM” as follows:
• Common Area Maintenance (CAM): This is the amount of Additional Rent charged to the tenant, in addition to the Base Rent, to maintain the common areas of the property shared by the tenants and from which all tenants benefit. Examples include: … (1 comments)
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The term “C.A.M” stands for “Common Area Maintenance”, however this term is being widely used to describe the “NNN” additional rent that a Tenant must pay the Landlord to cover forProperty Taxes, Property Insurance and Property Maintenance. I strongly believe that the use of this term brings misinterpretation to the definition itself. To better understand these definitions, I would like to present some concepts for “CAM” as follows:
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