GLOSSARY OF TERMS - K
|KICK THE DIRT: |
To make a field inspection or site visit.
Signifying some form of equity participation, often related to debt obligations.
Can be called participating debt or convertible debt.
|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.
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.