Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
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Zero
Percent Financing:
This is loan with no interest in the contract. Here the IRS imputes
10 percent for both borrower and lender.
Zoning:
This refers to the division of a city or town into zones. The
application of regulations has to do with the architectural design
and structural and intended uses of buildings within such zones.
Zoning ordinance:
The set of laws and regulations that controls the use of land
and the construction of improvements in a particular region or
zone, refers to the "Zoning ordinance"
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