Definitions For Real Estate Terminology
A piece of property which is pivotal to the success of a proposed development.
For a commercial or office development, the resident who attracts other residents or customers, such as a major chain store in a mall or a law firm in an office building. May gain favorable lease provisions as an incentive to lease space.
Gratuitous payment made to a person for a referral of business.
Additional compensation for a lender or investor, the right to share in the income from the property in addition to payments of principal and interest. Also known as equity kicker or lender participation.
Any small structure that stands alone, usually for the purpose of supplying a product or service (i.e. the attendants booth in a parking lot, a lottery booth in the center of the promenade of a mall).