What does the acronym CAM stand for in property management?

The acronym CAM stands for Common Area Maintenance in property management. This term is widely used in the real estate and facilities management sectors to refer specifically to the upkeep and maintenance of shared areas within a property, such as hallways, lobbies, elevators, parking lots, landscaping, and other communal facilities that benefit all tenants or users of the space.

The significance of Common Area Maintenance lies in the fact that these areas are integral to the overall appeal and functionality of a property. By ensuring that common areas are well-maintained, property managers can enhance tenant satisfaction, improve property value, and foster a positive environment for all individuals who use the space. CAM costs are often allocated among tenants or owners in commercial real estate, typically as part of a lease agreement, to ensure the ongoing upkeep of these shared facilities.