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Real Estate Dictionary
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K
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Key Money - Any payment which is not rentals and given for renting the property, or getting a right of possession in the property, or returning the right of possession in the property. The tenant is a protected tenant, and he/she doesn't own the property, but has a right of possession. In case of selling contract, if the tenant lives less than 5 years in the property, then he/she gets 2/3 of the money and the owner 1/3, and if the tenant lives more than 5 years, then he/she gets 60% and the owner 40%. Called in Hebrew "Dmei Mafteach".
"Kibbutz" - Unique settlement form in Israel, which its established values are shared community life, shared education and shared ownership on the manufacture and consumption means. The central established value is equal human value.
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