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key money |
Also found in: Wikipedia | 0.03 sec. |
key money n a fee payment required from a new tenant of a house or flat before he moves in How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Key Money is a payment made to a landlord as an inducement to assure a rental. 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. Thus for example, a provision in a lease that requires, as a condition to assignment, that the lessee to pay to the landlord any key money that the tenant receives upon assignment, is not enforceable. |
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