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  • GLOSSARY OF TERMS

     

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    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 attendants booth in a parking lot, a lottery booth in the center of the promenade of a mall).



    Garden City Realty


    Denise Coleman, Garden City Realty
    608 Atlantic Ave, Garden City Beach , SC 29576
    Phone: 843-652-4248
    DColeman@GardenCityrealty.com
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