Key Money
Legal definition for Indian law research
Definition
Key money, means (1) Payment (as rent or security) required from a new tenant in exchange for a key to the leased property (2) 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. Key money in the first sense is a legal transaction; Key money in the second sense is usu. an illegal bribe that violates housing laws. Black's Law Dictionary, 7th Edn., p. 873.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.