321:, a tenant who has a lease that is below market can assign that lease to a new tenant. The new landlord is required to accept the original rent from the new tenant. The new tenant essentially buys the lease from the original tenant. The capitalization factor is financial and strategic, depending on cost of money, importance of the site to the taker and the location of the site. The ratio used goes from 0 (poor locations) to 12 (top locations). The remaining number of years of the contract has little or no impact unless it falls under the legal provision of
378:) is a payment without consideration, often required by either the landlord or by the vacating tenant. The amount can vary from a symbolical amount up to one or more monthly lease terms. However, key money is deemed illegal and repayment can be enforced by legal means. As the Netherlands experience a shortage in living space (especially in Amsterdam and other large cities in the west), landlords and tenants nevertheless often ask for key money despite it being illegal.
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all of this deposit, instead keeping it for unneeded "cleaning" or "repairs". Landlord-tenant laws in the United States typically specify that a landlord must provide a detailed accounting of all deductions from a security deposit on request and normally cannot charge for "normal wear and tear", such as replacing old carpets or painting walls that have not been painted for many years.
292:) requires the lessee to make a deposit of about one-third to two-thirds the total cost of the leased property in lieu of monthly payment. The key money is returned when the lease expires. The key money deposit will not be returned before termination of the lease unless another lessee replaces the outgoing lessee.
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is one of several forms of payment made to a landlord. The term has various meanings 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
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When renting commercial properties in which the premises already contains various trade-fixtures, equipment, electric, and plumbing (items typically left when a former tenant vacates), such items have a value above the typical rent for an empty "vanilla shell" premises. The landlord would charge the
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up-front. These funds are then held in escrow and are used to offset delinquent payments or damage to the property. If neither happens, the money is refunded (typically with statutory interest) when the tenant vacates. It is illegal but common for unscrupulous landlords to refuse to refund some or
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for rental contracts is believed to exist in some cities such as
Stockholm. The Swedish Union of Tenants believes that the illegal practice of demanding key money or other compensation happens at most private landlord companies, while the landlords' advocacy group Fastighetsägarna believes that as
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as a solution. Merely paying key money is not a crime, but is considered by many to be a way of cheating (since you sidestep the queue system). It typically results in immediate termination of your lease if discovered.
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can be the equivalent of six months (or more) of rent, but is typically the same as one to three months of rent. This money is considered a gift to the landlord and is not returned after the lease is canceled.
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Demanding large security deposits which are only repayable at face value (thus without interest). Unscrupulous landlords could even as a matter of principle not return any security deposits at all.
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when renting out an apartment or house. It is rarely done when a commercial or public landlord is renting out an apartment to an individual, since it is easy for the landlord to get any
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at an inflated price. The new tenant can then junk the existing, outdated trailer and replace it with a modern one while keeping the terms of the original lease for the land under it.
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An obligation for the tenant to take over furniture or other items from the landlord or vacating tenant, for an amount which does not reflect the true economic value of these items.
403:, which is frequently transferable, frequently rent-controlled, and frequently subject to French-style "key money" payments to the original tenant in the form of buying the current
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Generally in the United States, apartment leases are not transferable without the consent of the landlord. The primary exception is the right to rent a space in a
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https://www.cityofberkeley.info/uploadedFiles/Rent_Stabilization_Board/Level_3_-_General/8.a.11_Tenants%20Together%20Report%20on%20Security%20Deposits.pdf
360:. When individuals rent out to other individuals, or when businesses rent commercial premises, a security deposit of 1–6 months is usually requested.
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https://www.rijksoverheid.nl/onderwerpen/huurwoning/vraag-en-antwoord/wat-is-de-betekenis-van-sleutelgeld-overnamekosten-waarborgsom-en-verhuurkosten
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In many states of
Australia (New South Wales, Victoria, etc.), the Retail Leases Act calls key-money a payment or benefit without true
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In the United States, it is common to require key money in the form of a security deposit. The tenant pays one or two months'
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tenant key money in order for the tenant to have the right to use and take over all of the existing equipment.
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Made-up additional charges for 'cleaning', 'contract drafting', 'administration', 'registration', etc.
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much as half of the rental contracts are wrongly obtained at any time, and proposes a reduction of
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In recent years, an increasing number of landlords and real estate agencies have begun to offer
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is a mandatory payment to the landlord that is often the same amount as the original deposit (
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is typically charged at contract renewal, similar to repetition of key money, while in
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Since key money is in many cases illegal for the reason that it is a payment without
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In Mexico, key money is referred to as "guante" (translating to "glove" in
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515:"Once settled in, chances are you'll have to pay to stay"
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659:Rijksoverheid.nl (Dutch government website),
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125:world, it is used synonymously with normal
264:-free rental housing, and the semipublic
109:Learn how and when to remove this message
435:, it is often disguised as other costs:
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601:"Varannan hyresrätt förmedlas svart"
47:adding citations to reliable sources
16:A form of tenant payment for leasing
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559:. 6 May 2013
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41:Please help
36:verification
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641:"Fråga oss"
519:Japan Times
491:"Key Money"
405:mobile home
375:sleutelgeld
370:Netherlands
364:Netherlands
284:South Korea
272:South Korea
58:"Key money"
684:Categories
646:2015-09-27
626:2015-09-27
606:2015-09-27
586:2015-09-27
563:2015-09-27
542:2015-09-27
500:2023-07-27
477:References
431:or even a
69:newspapers
229:shikibiki
217:kōshinryō
138:Australia
122:Key money
99:July 2024
690:Payments
450:See also
296:Pakistan
252:shikikin
183:shikikin
695:Renting
368:In the
133:Oceania
83:scholar
461:Jeonse
415:Mexico
337:Sweden
331:Sweden
319:France
313:France
308:Europe
302:PAGHRI
278:Jeonse
262:reikin
190:reikin
166:reikin
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433:bribe
289:wolse
224:Ōsaka
204:Tōkyō
200:Kantō
161:Japan
155:Japan
90:JSTOR
76:books
393:rent
150:Asia
62:news
335:In
317:In
282:In
236:敷引き
211:更新料
159:In
45:by
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