Real Estate
Glossary
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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).