Key Money: The sum of money paid to (1) an existing tenant by a person or entity in consideration of and in exchange for an assignment of a lease or (2) a landlord by a prospective tenant, generally for a fully furnished or “turnkey” restaurant space.
Kiosk (Provisions): A provision in a retail lease allowing a landlord to lease or license space in the common area a building or mall to tenants who want to sell easy to carry items and merchandise.