top of page
professor566

What is Key Money?

Key money is a fee paid by a tenant to a landlord or property owner to secure a lease or rental agreement. This payment is typically made in addition to regular rent and is intended to provide the tenant with access to the property.


Here are some key points about key money:

  • Purpose: It can be used to secure a lease, renew a lease, or extend a lease.

  • Amount: The amount of key money can vary depending on the property, the location, and the negotiation terms.

  • Legality: The legality of key money can vary by jurisdiction. In some places, it is considered a form of bribery, while in others it is a legal practice.

  • Commercial real estate: Key money is more common in commercial real estate leases than in residential leases.


In summary, key money is a payment made by a tenant to a landlord to secure a lease. The amount and legality of key money can vary depending on the circumstances.


Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com




Tan house with stone accents and green shutters
Tan house with stone accents and green shutters

Recent Posts

See All

15 Comments


Thank you for sharing your thoughts. Your perspective is refreshing and insightful. I enjoyed how you presented your ideas, making complex concepts easy to understand.


bookkeeping services for small business

Like

Blogging is an art, and you’ve mastered it. Great job on this post—keep the valuable content coming!

the madness of crowds

Like

Saud Khan
Saud Khan
Oct 24

Thank you for sharing your thoughts. Your perspective is refreshing and insightful. I enjoyed how you presented your ideas, making complex concepts easy to understand.


trucking small business advisory

Like

I’m not a fan of blogs, but yours is structured so well, I can’t stop reading. Great work!


tax planning for companies fort worth tx

Like

This article answered many of my questions. I’m starting a new blog, and this article will be a key reference for me. Thanks for sharing such informative content.

ranger shelves

Like
bottom of page