Do you know what the REAL definition, the LITERAL meaning of “TURN KEY?
Most people think it simply means that the home is ready for move-in and it’s so nicely remodeled that you don’t have to do anything but move in and enjoy! Now, this is definitely true, but here’s the REAL definition, although similar, but more accurate.
It means, you put the key in the door, turn it, open the door and you’re home with nothing to do to the house but enjoy.
Further definition states: Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The word is a reference to the fact that the client, upon receiving the house, just needs to turn the key in the lock and walk in, or, that the key just needs to be turned over to the buyer.