Glossary entry

Spanish term or phrase:

llave de XX USD (real estate)

English translation:

Key money

Added to glossary by Spanarts (X)
May 24, 2017 20:17
6 yrs ago
2 viewers *
Spanish term

llave

Spanish to English Bus/Financial Real Estate Land options for new building
El sitio se despliega en una superficie de 200 m2 (10 x 20) y se ofrece por un alquiler de U$25.000 por mes y una llave de U$250.000.
Proposed translations (English)
4 +4 Key money
4 key / door key
4 (key) deposit
Change log

Jun 1, 2017 15:57: Spanarts (X) Created KOG entry

Jul 25, 2017 20:08: Spanarts (X) changed "Edited KOG entry" from "<a href="/profile/573706">Spanarts (X)'s</a> old entry - "llave (real estate)"" to ""Key money""

Discussion

Spanarts (X) May 24, 2017:
https://en.wikipedia.org/wiki/Key_money Google key money for Wikipedia, very interesting and might help you.

Proposed translations

+4
17 mins
Selected

Key money

Google key money for Wikipedia.

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Note added at 18 mins (2017-05-24 20:36:33 GMT)
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From Wikipedia: (also security deposit)

Key money 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 world, it is used synonymously with normal security deposits, which are used to cover nonpayment of rent and excessive damage to a rental unit.
Peer comment(s):

agree 12316323 (X)
9 mins
agree patinba
32 mins
agree philgoddard
2 hrs
agree Yvonne Gallagher : for US, as I assume is needed here
14 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, key money as target is US"
4 mins

key / door key

Not sure if this is in dollars. If the price seems exorbitant, if it is some sort of electronic key that needs to be coded, then this might explain the high price.
Something went wrong...
10 hrs

(key) deposit

Although "key money" seems to be widespread usage in the US, I've always just known it as a "deposit" in the UK.
AKA rent deposit, which may be equal to a month's rent, 3 months, 6 months, a year, etc.
Example sentence:

The first property I looked at wanted 6 months rent deposit and 3 months up front.

... requiring the incoming Tenant to sign a 6 months rent deposit.

Note from asker:
Thansk for your answer. The target in this case is the US so I will opt for "key money"
Something went wrong...
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