brampton.com Homes provides homeowners with a variety
of useful tools to help you better understand how to successfully
sell your home. One such tool is a glossary of real-estate terms.
Click on one of the links below to access the Glossary.
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Glossary of Terms
- K
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).
