Glossary of Real Estate Terms (ke-kn)

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

Key lot

• A lot that has added value because of its location.

Key money

• Payment that is made to secure a leasehold interest.

Kiosk

• A small structure, usually constructed of wood, with one or more open sides and typically seen in shopping malls by seasonal merchants. Such an enterprise usually pays rent on a percentage lease basis.

Kit home

• A structure that contains prefabricated components and is put together by a contractor.

Kitchenette

• Space, less than 60 square feet, used for cooking and food preparation .

Knee wall

• A wall-like structure that supports roof rafters.

Knob-and-tube wiring

• An old-fashioned wiring system that has been replaced by fuses and circuit breakers.

Knockdown

• Prepared construction materials that are delivered to the building site unassembled but complete and ready to be assembled and installed.