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). |
