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key money

noun
1.
advance rent or security required of a new tenant and given in exchange for the key to the house or apartment.
2.
an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy.
Origin
1895-1900
1895-1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for key monies

key money

noun
1.
a fee payment required from a new tenant of a house or flat before he moves in
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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