Property Management
A CAM charge in a commercial lease refers to:
AComputer-assisted management fees
BCommon area maintenance charges passed through to tenants✓ Correct
CA cap on annual rent increases
DCommercial appraisal maintenance costs
Explanation
Common Area Maintenance (CAM) charges are fees charged to tenants in commercial leases to cover the cost of maintaining shared areas such as parking lots, lobbies, landscaping, and hallways.
Related Georgia Property Management Questions
- A 'holdover tenant' (tenant at sufferance) in a Georgia commercial lease is treated as:
- A percentage lease, often used in retail settings, requires the tenant to pay rent based on:
- A property manager who signs lease agreements must hold at minimum a:
- A lease with a CPI escalation clause means rent increases are tied to:
- Which type of lease gives a tenant the option to purchase the property during or at the end of the lease term?
- In Georgia, a landlord who accepts rent after serving a notice to vacate for nonpayment:
- A property manager's operating budget should include all of the following EXCEPT:
- A net operating income (NOI) is calculated as:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →