Zero lot line
A term generally used to describe the positioning of
a structure on a lot so that one side rests directly
on the lot's boundary line (no set back). Where allowed
by zoning and/or deed restrictions, it is used for "patio
homes".
Zero Percent Financing
A loan with no interest in the contract. The IRS imputes
10 percent for both borrower and lender.
Zoning
Exercise of police power of city in regulating and controlling
the character or use of property. Zoning laws divide
cities into different areas according to use, from single-family
residences to industrial plants. Zoning ordinances control
the size, location, and use of buildings within these
different areas. Houston is the largest city in the
U.S. without zoning. Most of the other cities and villages
within the Houston Metropolitan Area do have zoning
regulations.
Zoning ordinance
A set of rules passed by local government which regulates
the use of property according to its location within
the municipality, placement of structures on the property,
maximum floor area, mnimum lot area, minimim floor-to-lot
area ratios, etc.
Zero lot line
