Real Estate Glossary: Z

Zero Balance
When the outstanding balance on a credit card is paid and no new charges are incurred during the billing cycle, the card holder’s monthly statement shows a zero balance. This means nothing is left owing to the credit card company.

Zero Lot Line
A zoning regulation which allows certain properties to have buildings placed up to the line dividing separate properties

 Zero Down Mortgage
This type of mortgage was a true 100% mortgage financing product that was available in Canada before. As of October 15 2008, $0 down mortgages are no longer available in Canada.

Zoning Bylaws
Municipal or regional laws that specify or restrict land use.

Zoning
An area or a region within city limits that is distinguished from adjacent areas by a distinctive feature or characteristic. Zoning usually pertains to the type of land uses that are permitted in the area. For example, a zoning ordinance might allow houses or apartments to be built, but not factories or warehouses.


Posted by:  Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889


Related Articles:

  1. Real Estate Glossary: U
  2. Real Estate Glossary: N
  3. Real Estate Glossary: C
  4. Real Estate Glossary: E
  5. Real Estate Glossary: W

Comments

  1. Ale says:

    Merci pour ces quelques définitions. C’est très utile pour quelqu’un pas très familié avec les termes

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