ZERO INTEREST MORTGAGE - note and mortgage under which interest accrues but is not paid until the end of the term of the loan.
ZERO LOT LINE - construction of a building on any of the boundary lines of a lot. Usually built on the front line, such as a store built to the sidewalk. See also: Zero Side Yard.
ZERO SIDE YARD - building of a subdivision with each house built on a side boundary line. This gives more usable yard space on a narrow lot. An easement for maintenance is given over a portion of the lot adjoining each house.
ZONE - (1) area of a county or city in which the use of the land is restricted by law (zoning ordinance). (2) An area designated by a number for the delivery of mail. Zip codes incorporate the zones.
ZONING - division of a city or county by legislative regulations into areas (zones), specifying the uses allowable for the real property in these areas.
ZONING MAP - map of a community showing the zones of permitted use under zoning ordinances.
ZONING ORDINANCE - law (generally at the city or county level) controlling the use of land and construction of improvements in a given area (zone).
ZONING VARIANCE - Also See: Variance.
ZYGOCEPHALUM - In civil law an inaccurate measure of land. The area of land a yoke of oxen could plow in one day.
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Daily Oil & Gas and Wall Street Journal News
Oil dived lower near $49 a barrel as investors sought more assurance that OPEC's output cuts will work in the face of surging U.S. supply.
Wall Street Journal
WSJ.com: Commercial Real Estate
CBRE Global Investors Buys Stake in Three GGP Malls One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
FAO Schwarz Is Returning to New York A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.