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Rental Contract Purchase, Scam?


deusbelli

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This is what is often called "key money" and it is a fee paid to the landlord or current tenent to give up their lease and introduce you to their landlord before you can move into the property and is a normal practice for areas in high demand. Key money is non-refundable but can be recouped if you sell the space on to someone else. Be sure to get a receipt for the key money paid.

One way to look at it would be as if it were prime seats to a championship game, they are in high demand and low supply so a premium is charged, you could recoup that fee if you sold the tickets on to another fan.

[sunbelt][/sunbelt]

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