How the New Lease Standard Affects Accounting for Common Area Maintenance (CAM)

June 26, 2018 at 7:00 AM / by LeaseCrunch® posted in CPA Firms, Lease Components, New Lease Standard, LeaseCrunch®

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The new lease standard, ASC 842, changes the treatment of common area maintenance (CAM) within a real estate lease contract. Many real estate leases include some form of CAM, such as cleaning a building lobby, snow removal, landscaping, or janitorial services. Here are some things you need to know about CAM, including what is changing and a few practical examples.

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