This information is provided to you as a service to help you during your real estate transaction or dealings. The Glossary of Terms we use consists of definitions from all over the United States. PLEASE, ALWAYS verify your understanding of any term listed here to be valid in it\'s use within any conversation, Sale or Purchase Agreement, Adendum to the contract, Escrow Instructions, addition or changes to any Ecrow Instructions, Title Policy, Appriasal or any other report used during the process of any Real Estate transaction.

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).