What Is Turn Key?

A turnkey, a turnkey project, or a turnkey operation is a type of project that is constructed so that it can be sold to any buyer as a completed product.

What is a turn key home?

A turnkey property is a move-in ready home that doesn't require any major repairs or improvements before it is livable. ... In most cases, a turnkey property has already undergone all necessary updates, so it is likely to be significantly more expensive than a fixer-upper.

What does turn key mean in business?

A turnkey business is a business that is ready to use, existing in a condition that allows for immediate operation. The term "turnkey" is based on the concept of only needing to turn the key to unlock the doors to begin operations.