Key money

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Key money
a payment to the lessor required from a new tenant (or existing tenant who wants to renew the lease) of a commercial property in Thailand (not common in residential leases). It is not always clear what key-money means in Thailand and it could be simply part of the total rental (as an advance payment for a lower monthly rental during the term of the lease and outside the books non-taxable income for the lessor).
Author: Thailand Lawyer Online