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KEY LOT
A piece of property which is pivotal to the success of a proposed development.
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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.
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KICKBACK
Gratuitous payment made to a person for a referral of business.
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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.
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KIOSK
Any small structure that stands alone, usually for the purpose of supplying a product or service (i.e. the attendants booth in a parking lot, a lottery booth in the center of the promenade of a mall).
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