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Common Area Maintenance

Common Area Maintenance (CAM) expenses are operating expenses associated with common areas of a building. To use features that apply to CAM expense, follow this general workflow.

The functionality for CAM requires a separate license. For more information contact sales@binarystream.com.

CAM Setup Options

The setup is performed by a system administrator.

  1. On the Property Lease Management Parameters page, set up the default CAM reconciliation options.
  2. On the Charges, create CAM charges.
  3. On the Expense Pools, create CAM expense pools.
  4. Attach CAM expense pools to the different levels on the Properties page.

Apply CAM to a Lease

To use the CAM expense pools, follow this general workflow: 

  1. Create a revenue lease on the Lease Details page.
    1. When the lowest level is selected on the Levels 1, 2, 3 FastTab, the CAM expense pool is added based on the setup. Also all associated charges appear on the Charges FastTab.
    2. Select the Exclude CAM calculations option if you do not want the CAM expense amounts on the lease.
  2. On an annual basis, run the CAM Reconciliation Process to determine the CAM recoverable amount.

    3. Also, when you terminate a lease from the Mass Termination or Move Out Wizard, run the CAM Reconciliation Process to finalize the recoverable amount.