Definition of key money in English:

Share this entry

key money

Pronunciation: /kē ˈmənē/

noun

informal
Money paid to a landlord as an inducement by a person wishing to rent a property.
Example sentences
  • It has been at least a decade since the lease on a building on that pitch in Bond Street came on the market and it is the only location in London that would achieve key money of that amount.
  • However, if the owners pay their taxes, then key money is fine as far as the Revenue Office is concerned.
  • Everyone who has ever been asked for key money has pondered the same questions.

For editors and proofreaders

Syllabification: key mon·ey

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.