Air Rights

Air Rights
Air rights refer to the legal ability to use, control, or occupy the vertical space above a given piece of property. These rights can be leased, sold, or transferred to another party, often significantly impacting property development, urban planning, and real estate markets.
Air Space
Air space refers to the portion of real estate located above ground level. Owners of property with vertical structures often have rights to the air space above their tangible property, up to a certain elevation regulated either by local laws or agreements.
Surface Rights
Surface rights refer to the legal rights associated with the surface area of a piece of real estate. These rights are often distinct from underground (mineral rights) or above-ground (air rights) entitlements.

Real Estate Lexicon

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