NorthernMichiganLandBrokers.com 
About Real Estate Glossary
About Real Estate Glossary
Real Estate Glossary
All |
A
|
B
|
C
|
D
|
E
|
F
|
G
|
H
|
I
|
J
| K |
L
|
M
|
N
|
O
|
P
|
Q
|
R
|
S
|
T
|
U
|
V
|
W
|
Y
|
Z
K
| Term | Definition |
|---|---|
| key money |
Key money is used differently in different parts of the world. It sometimes means money paid to an existing tenant who assigns a lease to a new tenant where the rent is below market. It sometimes means a bribe to a landlord. In other parts of the world it is used synonymously with normal security deposits, which are used to cover nonpayment of rent and excessive damage to a rental unit. |
