Key Money (noun) Definition, Meaning & Examples

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noun
  1. advance rent or security required of a new tenant and given in exchange for the key to the house or apartment.
  2. an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy.
noun
  1. a fee payment required from a new tenant of a house or flat before he moves in
Key Money (noun) Definition, Meaning & Examples

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