Air Rights

Air Rights

Air Rights Defintion

Air rights in real estate refer to the legal right to control and use the space above a property, typically up to a certain height limit.

Air Rights Example

An example of air rights in real estate would be a developer purchasing the air rights above an existing building and constructing a new building on top of it, such as a skyscraper. This allows the developer to maximize the use of the property and increase the overall value of the real estate. The original building owner would retain ownership of the land and any buildings on it, while the developer would own the rights to the space above the building.

Air Rights Synonyms

  • Sky rights
  • Airspace rights
  • Vertical property rights
  • Aerial rights
  • Vertical easements
  • Overhead rights
  • High rights
  • Roof rights