Common Area Defined
James Robertson2017-10-14T13:49:53+00:00Common Area defined For lease purposes, common area is defined as the areas of a building that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots. Common Area Maintenance (CAM) Common Area Maintenance (CAM) charges are charges that are paid by the tenant for the upkeep of areas designated for use and benefit for all tenants. CAM charges are common in commercial transactions and may include lobby areas, centralized bathrooms, parking lots and more. Capital Improvements are commonly included within CAM charges when a tenant receives a statement from the landlord. Why does this matter [...]