What’s the deal with cash-for-keys?
There’s been a bit of buzz in the news lately around “cash-for-keys.” Cash-for-keys is nothing new. Typically, it’s a deal where landlords offer their tenants a lump sum of money in order to get them to willingly vacate the unit. Should renters accept these kinds of deals? It depends on a number of factors. Landlords typically only offer them because they know convincing a tenant to leave their home is lucrative for the landlord in the long run (either by renting the unit to someone new for double the price, or, selling the property). It may not always be in the best interest of tenants to accept them.
We delve into the issue in our latest blog post.