The Role of Tenant Buyout in Rent Contract

Key money is defined as the payment paid by the lessee to the lessor beyond the legal frame work of the tenancy contract. The legal arrangement of this subject is different, accordingly some laws incriminate this matter directly, while some of them prohibits any consideration against the provisions of the key of the premises to the tenant outside the scope of the leasing contract including the key money, on the other hand some laws did not refer to this matter at all. The importance of this study about the key money is that it has a strong relation with the everyday life of the people, especially its effect on the costs and prices of the merchandises. It reveals the attempts of landlords to get additional money in a way to evade the implementation of the previsions of law which are protecting the tenants. This study comprises many legal ideas as well as practical ones, which we hope they will contribute to regulate and arrange this subject for the benefit of the community.