REAL ESTATE GLOSSARY

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Keen's Cement: An unusually tough and durable gypsum plaster to which aluminum has been added. Used primarily for walls of commercial buildings

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. May gain favorable lease provisions as an incentive to lease space..

Key Lot: A lot adjoining a corner lot at its rear property line with frontage on the secondary street. Also thought of as a strategically located lot, adding to its value.

Kickback:Payment made to someone for referral of a customer or business. Unlike a commission, a kickback is made without the customer's knowledge; thus, the referral could have been made without the customer's best interest at heart.

Kick Plate: A metal or plastic strip, placed at the lower edge of a door or on a riser of a step to protect it from damage by accidental kicking.

Kite Winder: The steps at the curvature of a circular stairway, which are triangular, or kite-shaped.


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