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Canadian Real Estate Glossary

Canadian Real Estate Glossary

K


Kick-Out Clause: A clause in a purchase agreement that allows a seller to accept a buyer's offer while still providing the seller with the opportunity to consider and accept a better offer if received before the sale is finalized.

Kit Home: A kit home, also known as a prefabricated or pre-cut home, is a type of housing that is manufactured off-site in factory-controlled conditions and then delivered to the building site in components or kits.

Kitec: A type of plumbing system that was commonly used in residential properties, particularly between the late 1990s and early 2000s. Kitec pipes and fittings have been associated with potential issues and may require evaluation or replacement.

Knee Wall: A short wall that is typically built in an attic or on a sloped roof to support structural elements, divide spaces, or provide storage areas.


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