Real
Estate Glossary
|
|
| A | C | D | E | F | G | H | I | J | K
| L | M |
| N | O |
P | Q | R | S | T | U | V | W | Z |
|
KEY LOT:
A piece of property which is pivotal to
the success of a proposed development.
KEY TENANT:
For a commercial or office
development, the resident who attracts other residents or
customers, such as a major chain store in a mall or a law firm
in an office building. May gain favorable lease provisions as
an incentive to lease space.
KICKBACK:
Gratuitous payment made to a person for
a referral of business.
KICKER:
Additional compensation for a lender or
investor, the right to share in the income from the property
in addition to payments of principal and interest. Also known
as "equity kicker" or "lender participation".
KIOSK:
Any small structure that stands alone,
usually for the purpose of supplying a product or service
(i.e. the attendant's booth in a parking lot, a lottery booth
in the center of the promenade of a mall).