Zander Properties
A fully licensed real estate company, providing customized services for our clients. Our specialized "boutique" approach gives our customers the specific results they are seeking.

We act as an intermediary between a buyer and seller, and are paid a commission.

We also help bring borrowers and lenders together for the purpose of loan origination, as a mortgage broker. We can negotiate with the lender to try and find the best possible financing deal possible for our clients.

Zander, Robyn
Robyn is fully licensed real estate broker with an MBA from Pepperdine University. Her knowledge and experience allows her to provide the best possible service for her clientelle.

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zero-coupon bond
A bond which pays no coupons, is sold at a deep discount to its face value, and matures at its face value. A zero-coupon bond has the important advantage of being free of reinvestment risk, though the downside is that there is no opportunity to enjoy the effects of a rise in market interest rates. Such bonds tend to be very sensitive to changes in interest rates, since there are no coupon payments to reduce the impact of interest rate changes. In addition, markets for zero-coupon bonds are relatively illiquid. Under U.S. tax law, the imputed interest on a zero-coupon bond is taxable as it accrues, even though there is no cash flow.

ZONING
Regulation by local government of the use and development of private land. The regulation of structures and uses of property within designated districts or zones. Zoning regulates and affects such things as use of the land, types of structure permitted, building heights, setbacks, and density (the ratio of land area to improvement area).

zoning (cumulative)
Zoning that allows more restrictive uses. For example, a lot zoned for a multi-family dwelling would allow a single-family home if the zoning were cumulative.

zoning (density)
Zoning ordinances that restrict the maximum average number of houses per acre that may be built within a particular area, generally a subdivision.

Zoning Down (downzoning)
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use. In these cases, there is no taking under eminent domain and thus no compensation paid to the affected landowner who helplessly sees the property reduce in value.

zoning (exclusionary)
Zoning that excludes stated uses.

zoning (incentive)
Zoning that offers incentives to developers, such as retail shops on the first floor of multistory office buildings if a plaza for public use is included.

zoning ordinance
An exercise of police power by a municipality to regulate and control the character and use of property.

zoning (partial)
Zoning that does not consider its effect on other areas.

zone (special studies)
A specific area where an investigation is taking place regarding seismic or geologic considerations.

zoning variance
A zoning variance permits a change in the specifications required by the zoning ordinance. Permission obtained from governmental zoning authorities to build a structure or conduct a use that is expressly prohibited by the current zoning lows; an exception from the zoning laws. A variance gives some measure of elasticity to the zoning game.