Key Money - Australia

Australia

In Victoria, Australia, the Retail Leases Act 2003 calls key-money a payment or benefit without true consideration, expected from a tenant in order for a lease being granted, renewed or modified, and makes such payment illegal.

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Famous quotes containing the word australia:

    I like Australia less and less. The hateful newness, the democratic conceit, every man a little pope of perfection.
    —D.H. (David Herbert)

    It is very considerably smaller than Australia and British Somaliland put together. As things stand at present there is nothing much the Texans can do about this, and ... they are inclined to shy away from the subject in ordinary conversation, muttering defensively about the size of oranges.
    Alex Atkinson, British humor writer. repr. In Present Laughter, ed. Alan Coren (1982)