key money


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key money

n.
Payment made to a landlord as an inducement to assure a rental.

key money

n
a fee payment required from a new tenant of a house or flat before moving in

key′ mon`ey


n.
1. advance rent or security required of a new tenant in exchange for the key to an apartment or house.
2. money paid, usu. secretly, to a landlord, superintendent, or current tenant by a person desiring future occupancy.
[1895–1900]
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References in periodicals archive ?
The acquisition was funded with proceeds from the company's recently completed preferred stock offering, cash on hand and USD 2min key money provided by Ashford Inc.
China's key money rate fell to nearly a 10-month low, shrugging off a net drain in open market operations due to ample liquidity.
The transaction was a key money deal with the prior tenant, who operated the space as a bar.
Japan's key money supply gauge expanded at its fastest pace in a year last month as more companies sought liquidity in hand after the March 11 disaster crippled manufacturers and other businesses, the Bank of Japan said Monday.
In South Korea, three primary types of apartment contracts exist: jeunse (large key money deposited, returned in full at the end of the lease; no monthly rent), walse (smaller key money deposited, returned in full at the end of the lease; monthly rental payment), and Western style (standard security deposit plus monthly rent).
A key money saving technical advantage of the 220 Series is said to be that it offers simultaneous directed material flow for a single product or multiple families of products that have the same, identical material requirements, yet must be extruded in different end use sizes.
Pasadena had asked for no more than 14,000 parking spots to be in use on game days, but since the new owner would keep all the game-day parking revenue - a key money stream since it isn't shared with other teams - there is little incentive for the owner to restrict parking in the Arroyo Seco.
Japan's key money supply indicator grew at an average pace of 2.
Properly drafted, an agreement for payment of key money should be enforceable under state law, particularly if it is fully earned upon lease execution and is not in lieu of pre-paid rent, a security deposit, rent abatement, or a guaranty.
TOKYO, March 9 Kyodo The key money rate was flat in Tokyo on Tuesday morning as the central bank pumped funds of more than 1 trillion yen into the market for the eighth straight trading day.
Edwards' national "Nest Egg Knowledge for Kids" initiative, The Children's Museum of Cleveland (CMC) is launching a new financial literacy school field-trip program to introduce first and second grade school children key money management lessons.
NYSE: AINC) is providing a total of USD 6m in key money consideration to its managed REITs for two acquisitions, the company said.