GLOSSARY OF TERMS - K
| KICK THE DIRT: | To make a field inspection or site visit.
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| KICKER: | Signifying some form of equity participation, often related to debt obligations.
Can be called participating debt or convertible debt.
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| KICK-OUT PROVISION: | Provision in a lease which allows a landlord to terminate
the lease upon the occurrence of some specified event. Examples would be certain sales figures need to be met or termination for expansion for a preferred tenant.
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This Glossary of Commercial Real Estate Terms is provided for general understanding purposes. Readers should consult with their legal and/or accounting professionals for specific situations and questions. TM 1031 Exchange Inc. and its employees provide neither legal nor accounting services or advice.
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