Real Estate Glossary

What is Turnkey?

Turnkey refers to a property or business that is ready to be used or occupied as soon as the purchase is complete. It means that everything is in place and all systems are functional, so the new owner can move in or start operating the business immediately. In real estate, a turnkey property is often a fully furnished and equipped rental property that is ready to be rented out, with all necessary licenses and permits in place, and with a management company in place to take care of the day-to-day operations.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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