A type of development right ( www.practicallaw.com/w-002-5756) . Rights to control and develop a specific amount of unused air space above real property. A property has air rights if either:
The property is vacant.
The improvements on the property are smaller than state and local laws permit.
As with mineral rights ( www.practicallaw.com/9-546-4127) , air rights can be leased, sold, or transferred with, or separate from, fee title to property.
Some jurisdictions have enacted transfer of development rights ( www.practicallaw.com/w-002-5764) (TDR) programs, which allow property owners to transfer or sell their air rights to a different property or a different owner in certain circumstances.