Property Management
A Florida property management company is managing a strip mall. The common area maintenance (CAM) charges assessed to tenants are meant to recover:
AThe landlord's mortgage payment
BThe proportionate share of costs for maintaining shared spaces (parking, landscaping, exterior lighting, security)✓ Correct
CThe landlord's property taxes only
DIndividual tenant utility costs
Explanation
CAM (Common Area Maintenance) charges recover the costs of maintaining shared areas in commercial properties — including parking lots, landscaping, exterior lighting, janitorial services for common areas, and sometimes property insurance and taxes.
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