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Ontario Canada Homes & Real Estate Glossary K
From Key Economic Indicators to Knock-down

Return to the Real Estate Glossary

Key money - A cash payment paid to a existing tenant who assign their lease to a third party where the rent is below market, possibly in an area with strict rent controls.

Kiting - An illegal practice of writing a check against insufficient funds that takes advantage of the float, the time between when a check is written and deposited in one back and when it is presented for colllection at another bank.

Knock-down - To assign a sale to a bidder at a property auction by a knock or blow of the auctioneer's hammer, or by any audible or visible announcement signifying to the bidder that he has the winning bid and is entitled to the property.



D.W. Howard Realty Ltd, Brokerage

384 Ridge Road North
Ridgeway, ON L0S 1N0, Canada

905-894-1703
Phone
905-894-4476   Fax


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