key lot
A lot of which ownership is essential in acquiring a piece of land for development, either because of its strategic location or the timing of the acquisition.

key-in-the-lock
A package lease that includes land, building, and equipment under an umbrella lease.

kickback
A payment to a third party in return for the referral of a client, customer, or business.

kicker
Term describing any benefit to a lender above ordinary fixed-interest payments. It may be an equity position in a property or a percentage participation in the income stream.

kick-out clause
Clause in the lease that permits a tenant to cancel a lease upon certain occurrences or if the landlord fails to comply with stated conditions.

knockdowns
Complete but unassembled construction components that are transported to the building site ready for reassembly and installation.