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REAL ESTATE GLOSSARY
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ZERO LOT LINE
A form of housing where individual units are on separate lots, but are attached to one another. Example : PUD, townhouse.
ZERO PERCENT FINANCING
A loan with no interest in the contract. The IRS imputes 10 percent for both borrower and lender.
ZONE
A specific area within a municipality or other jurisdiction which conforms to certain guidelines regarding the use of property in the zone. Typical zones include single-family, multi-family, industrial, commercial and mixed-use.
ZONING
Areas may be zoned to specify use of a property i.e. residential, commercial, agricultural. These zoning ordinances are normally enforced by the city or the county.
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Home mortgages subject to credit review and approval