Glossary of Terms

When buying or selling a home, you will encounter many terms that may be unfamiliar. To assist, we have provided this glossary of Real Estate terms.

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  Z

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).