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Username: Maria Rating:  Asked to: Dara Madee Date Created: 19 Sep 2016 |
| Category | 28 |
| Tag | Financial |
| Question | Please give the definition of 'Key Money'. |
|
Hi Maria, A payment made to a building owner, manager or landlord by a potential tenant in an attempt to secure a desired tenancy. Key money can be considered a type of deposit on a housing unit such as an apartment unit. Key money also refers to a security deposit paid by a lessor or a lessee for a leased property. |
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