diff --git a/litellm/proxy/management_endpoints/key_management_endpoints.py b/litellm/proxy/management_endpoints/key_management_endpoints.py
index 22f3f5c530d..29d3024fd8e 100644
--- a/litellm/proxy/management_endpoints/key_management_endpoints.py
+++ b/litellm/proxy/management_endpoints/key_management_endpoints.py
@@ -822,6 +822,8 @@ async def generate_key_fn(
     - model_max_budget: Optional[Dict[str, BudgetConfig]] - Model-specific budgets {"gpt-4": {"budget_limit": 0.0005, "time_period": "30d"}}}. IF null or {} then no model specific budget.
     - model_rpm_limit: Optional[dict] - key-specific model rpm limit. Example - {"text-davinci-002": 1000, "gpt-3.5-turbo": 1000}. IF null or {} then no model specific rpm limit.
     - model_tpm_limit: Optional[dict] - key-specific model tpm limit. Example - {"text-davinci-002": 1000, "gpt-3.5-turbo": 1000}. IF null or {} then no model specific tpm limit.
+    - tpm_limit_type: Optional[str] - Type of tpm limit. Options: "best_effort_throughput" (no error if we're overallocating tpm), "guaranteed_throughput" (raise an error if we're overallocating tpm). Defaults to "best_effort_throughput".
+    - rpm_limit_type: Optional[str] - Type of rpm limit. Options: "best_effort_throughput" (no error if we're overallocating rpm), "guaranteed_throughput" (raise an error if we're overallocating rpm). Defaults to "best_effort_throughput".
     - allowed_cache_controls: Optional[list] - List of allowed cache control values. Example - ["no-cache", "no-store"]. See all values - https://docs.litellm.ai/docs/proxy/caching#turn-on--off-caching-per-request
     - blocked: Optional[bool] - Whether the key is blocked.
     - rpm_limit: Optional[int] - Specify rpm limit for a given key (Requests per minute)
@@ -973,6 +975,8 @@ async def generate_service_account_key_fn(
     - model_max_budget: Optional[Dict[str, BudgetConfig]] - Model-specific budgets {"gpt-4": {"budget_limit": 0.0005, "time_period": "30d"}}}. IF null or {} then no model specific budget.
     - model_rpm_limit: Optional[dict] - key-specific model rpm limit. Example - {"text-davinci-002": 1000, "gpt-3.5-turbo": 1000}. IF null or {} then no model specific rpm limit.
     - model_tpm_limit: Optional[dict] - key-specific model tpm limit. Example - {"text-davinci-002": 1000, "gpt-3.5-turbo": 1000}. IF null or {} then no model specific tpm limit.
+    - tpm_limit_type: Optional[str] - TPM rate limit type - "best_effort_throughput" or "guaranteed_throughput"
+    - rpm_limit_type: Optional[str] - RPM rate limit type - "best_effort_throughput" or "guaranteed_throughput"
     - allowed_cache_controls: Optional[list] - List of allowed cache control values. Example - ["no-cache", "no-store"]. See all values - https://docs.litellm.ai/docs/proxy/caching#turn-on--off-caching-per-request
     - blocked: Optional[bool] - Whether the key is blocked.
     - rpm_limit: Optional[int] - Specify rpm limit for a given key (Requests per minute)
@@ -1279,6 +1283,8 @@ async def update_key_fn(
     - rpm_limit: Optional[int] - Requests per minute limit
     - model_rpm_limit: Optional[dict] - Model-specific RPM limits {"gpt-4": 100, "claude-v1": 200}
     - model_tpm_limit: Optional[dict] - Model-specific TPM limits {"gpt-4": 100000, "claude-v1": 200000}
+    - tpm_limit_type: Optional[str] - TPM rate limit type - "best_effort_throughput" or "guaranteed_throughput"
+    - rpm_limit_type: Optional[str] - RPM rate limit type - "best_effort_throughput" or "guaranteed_throughput"
     - allowed_cache_controls: Optional[list] - List of allowed cache control values
     - duration: Optional[str] - Key validity duration ("30d", "1h", etc.)
     - permissions: Optional[dict] - Key-specific permissions