It's where they offer you money to leave without them having to do an eviction. You may wish to consider it if it will get you into a rental you can afford.
Good luck with your situation.
technically you can stay until you are evicted, and a sherriff throws you out. A cash for keys deal is an informal settlement in lieu of eviction to get you out quick and save them the hassle and cost of eviction proceedings.
If you would like to discuss you options more, please feel free to email me at firstname.lastname@example.org
This is informational only and is NOT intended to create any attorney client relationship between the asker of the question, any reader of the answer, Stilwell & Associates, Andrew Stilwell, or its affiliates. This information is given with insufficient facts to give the asker of the quesiton and any reader of the answer sufficient basis to reasonably rely on this information. This notice is given to disclaim any such attorney client relationships until such time as a valid express written services agreement is executed by all parties and proper retainers have been deposited.