What does it mean when someone says Turn-Key?
What does it mean when someone says Turn-Key?
of, relating to, or resulting from an arrangement under which a private contractor designs and constructs a project, building, etc., for sale when completely ready for occupancy or operation: turn-key housing, turnkey contract. fully equipped; ready to go into operation: a turnkey business.
What is another word for turnkey?
Turnkey Synonyms – WordHippo Thesaurus….What is another word for turnkey?
| warden | guard |
|---|---|
| keeper | gaolerUK |
| prison officer | sentry |
| jailor | captor |
| wardress | custodian |
Where does the phrase 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 does turnkey mean in business?
Key Takeaways 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.
What does the term ‘turnkey’ or ‘turn key’ mean?
– Equity uplift in building – Lower stamp duty – only pay on land component, which means less than half of the stamp duty costs) – Builders warranties – Lower maintenance requirements – Higher rental yield – Higher resale value – Builders 12 months maintenance period – Greater tax benefits through depreciation – Higher demand amongst emerging demographics
What does turn key mean in real estate?
You Decide How Successful You Are. That’s right!…
What does turnkey really mean?
What Does Turnkey Really Mean? Unfortunately, the word turnkey is nothing more than a buzzword that gets thrown around by (often) brand new companies who have no real definition of what it means. There is no standard for turnkey property. Uneducated buyers assume turnkey means that you don’t have to do a thing.
What does the term turn key mean on a listing?
Turn-key is a term used by listing agents in marketing remarks to indicate that the home is move-in ready. This means that all appliances are in working (1) … A turnkey property is a fully renovated home or apartment building that an investor can purchase and immediately rent out.
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