KEY LOT:
A piece of property which is pivotal to the success of a proposed development.

KILN-DRIED LUMBER: As opposed to air-dried lumber.
Any wood that has been dried in a heated kiln to lower the material's moisture content to between the 6 and 12% range. As opposed to air-dried lumber which has a higher moisture content and is thus subject to more warping as it dries out after installation. See "AIR-DRIED LUMBER".

KIOSK:
Any small structure that stands alone, usually for the purpose of supplying a product or service (such as a sales booth on a new home construction site).

KNOT:
In lumber a knot refers to the part of a branch or limb that appears on the surface of a board.

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This glossary is a compilation of terms commonly used in the real estate, mortgage and construction industries. This publication has been created to provide general overview information with regard to these industries and while generic, this information may not be applicable to all juristictions. It is provided with the understanding that the publisher is not engaged in the rendering of legal, mortgage or any other professional advice or services. If legal advice or other expert assistance is required or needed, the services of the appropriate professional should be sought and you should not rely on the information found herein.