Development Rights | Practical Law

Development Rights | Practical Law

Development Rights

Development Rights

Practical Law Glossary Item w-002-5756 (Approx. 2 pages)

Glossary

Development Rights

The rights given to a property owner to control or develop land in compliance with all applicable land use regulations. An example of a type of development right is air rights.
A landowner can sometimes sell their development rights separate from the ownership of the property. Some states have enacted transfer of development rights (TDR) regulations, which allow a property owner to sell or transfer their development rights to other properties or even other landowners.