What is a key aspect of Common Area Maintenance costs?

A key aspect of Common Area Maintenance (CAM) costs is general facility upkeep. CAM costs typically encompass expenses related to the maintenance and operation of shared spaces within a property, which can include hallways, lobbies, landscaping, elevators, parking lots, and other areas utilized by multiple tenants. This upkeep is essential to ensure that the facilities remain functional, safe, and pleasant for all users.

On the other hand, specific utility bills tend to fall under direct utility expenses rather than CAM, as these can vary significantly by tenant. Marketing expenses are generally associated with promoting the property and attracting tenants, which is not considered part of ongoing maintenance. Property insurance, while crucial for protecting the building, serves a different purpose and is not classified under maintenance costs. Therefore, general facility upkeep clearly fits within the realm of Common Area Maintenance, reflecting the overall goal of maintaining shared spaces for the benefit of all occupants.