Dear Tenants,
This letter is to inform you of our planned common area maintenance ( CAM ) charges for [Year]. As you know, CAM charges are used to cover the costs of maintaining and improving the common areas of our apartment complex, such as the lobby, hallways, stairwells, grounds, and amenities.
The total CAM budget for [Year ] is [Amount]. This amount has been approved by the board of directors and is based on a careful assessment of the needs of our complex and the costs of maintaining and improving the common areas.
Your individual CAM charges will be determined by the size and location of your unit. The CAM charges for each unit have been calculated based on a fair and equitable allocation of the total CAM budget.
Your CAM charges will be reflected in your monthly rent statements starting in [Month] . The CAM charges will remain unchanged throughout [Year], unless there are any unforeseen increases in the cost of maintaining and improving the common areas.
If you have any questions or concerns about the CAM charges, please do not hesitate to contact me at [Phone Number] or [Email Address] .
Thank you for your cooperation. We appreciate your understanding of the importance of maintaining and improving our common areas.
Sincerely,
[Your Name]
[Property Manager]
