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LSDefine

Simple English definitions for legal terms

key money

Read a random definition: disjunctive allegations

A quick definition of key money:

Key money is a payment that a new tenant gives to a landlord in exchange for a key to the leased property. It can also refer to a payment made by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a lease in an area where there is a housing shortage. The first type of key money is legal, while the second type is usually illegal and violates housing laws.

A more thorough explanation:

Definition: Key money is a payment made by a new tenant to a landlord in exchange for a key to the leased property. It can also refer to a payment made by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a lease in an area where there is a housing shortage. The first type of key money is legal, while the second type is usually illegal and violates housing laws.

  • When John signed the lease for his new apartment, he had to pay key money to the landlord in order to receive the key to the front door.
  • In some cities with high demand for housing, landlords may ask for key money from prospective tenants in order to secure a lease. This is often illegal and can be considered a bribe.

The examples illustrate the two different types of key money. The first example shows how key money can be a legitimate payment required by the landlord in exchange for access to the property. The second example shows how key money can be an illegal payment made by a tenant to a landlord or current tenant in order to secure a lease. This type of key money is often used in areas where there is a housing shortage and can be considered a form of bribery.

key man | key-number system

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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