Real Estate Terms - K

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keogh

A retirement plan for employees of unincorporated businesses or self-employed individuals. You may contribute up to 25 percent of your earned income, to a maximum of $30,000.

key tenant

In a commercial or office development, the tenant who attracts other customers, such as a major chain store in a mall.

kicker

Any benefit to a lender above ordinary fixed-interest payments such as an equity position in a property or a percentage participation in the income stream.

kitchenette

A small kitchen area. A kitchenette is often built into the end of another room as in an efficiency apartment.