What does the term turnkey mean in real estate?
fully renovated home
A turnkey property is a fully renovated home or apartment building that an investor can purchase and immediately rent out. A turnkey home is often a property purchased from a company that specializes in the restoration of older properties.
Where did the expression turn key come from?
1650s, “jailer,” from turn (v.) + key (n.). In reference to a job that only has to be done only once, it is recorded from 1934. The notion probably is of something that can be accomplished with a single turn of a key.
What is a turnkey hotel?
The advent of a turnkey, cloud-based end-to-end hotel operations system is nothing short of revolutionary. Fully-integrated platform capabilities allow hoteliers to streamline operations across all departments, all properties and virtually all areas of functionality.
What is turnkey product?
1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.
Is turn key one word?
As a noun, turnkey is one word and means the person who is in charge of the keys of a prison. In this form the word has been in existence since the mid-1600s. The plural is turnkeys. Turnkey can also be an adjective describing an object as completely finished and able to be used.
What’s the difference between turnkey and furnished?
Turnkey property does not typically mean furnished, but some turnkey properties might be furnished. It typically says in the property description whether it is furnished or not. If you are touring a turnkey property and fall in love with the furnishings and the property, however, talk to your real estate agent.
What’s another word for turn-key?
In this page you can discover 13 synonyms, antonyms, idiomatic expressions, and related words for turnkey, like: turn-key, end-to-end, jailer, pre-integrated, prison-guard, warden, warder, gaoler, multi-utility, bespoke and free.
Is turn-key one word?
What is turn key business?
A turnkey business is a for-profit operation that is ready to use as-is the moment it is purchased by a new owner or proprietor. The term “turnkey” is based on the concept of only needing to turn the key to unlock the doors to begin operations, or to put the key in the ignition to drive the vehicle.
Is turn-key two words?
As a noun, turnkey is one word and means the person who is in charge of the keys of a prison. In this form the word has been in existence since the mid-1600s. The plural is turnkeys.