cam taxes and insurance definition
Definition: CAM is an acronym for Common Area Maintenance.. In commercial real estate many leases require the tenant (lessee) to pay a portion of CAM fees. There are two basic calculations for CAM fees: Variable CAM fees, in which the amount a tenant is required to contribute increases based on a number of factors; and flat CAM fees where the fees are a fixed amount. CAM expenses are based on a pro rata basis.