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.
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. |