Property Owner A has the right to develop his property into 10 lots. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. This is an example of

Property Owner A has the right to develop his property into 10 lots. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. This is an example of

• A. Easement
• B. Transferable development rights
• C. Air rights
• D. Subdivision rights

Answer: (B)

This shows transferable development rights, a planning tool that lets the development potential of one property be sold to another. Here, Owner A has the right to develop his land into 10 lots but chooses to transfer that development potential to Owner B. With those rights, B can develop more densely than his own land would normally permit, using the density from A's parcel. It’s not an easement, which would grant someone a right to use another’s land for a specific purpose without transferring development potential. It’s not air rights, which involve rights to use space above a property, typically for vertical construction, rather than transferring density between parcels. It’s also not subdivision rights, which relate to dividing land into smaller lots, not moving development potential from one property to another.

This shows transferable development rights, a planning tool that lets the development potential of one property be sold to another. Here, Owner A has the right to develop his land into 10 lots but chooses to transfer that development potential to Owner B. With those rights, B can develop more densely than his own land would normally permit, using the density from A's parcel. It’s not an easement, which would grant someone a right to use another’s land for a specific purpose without transferring development potential. It’s not air rights, which involve rights to use space above a property, typically for vertical construction, rather than transferring density between parcels. It’s also not subdivision rights, which relate to dividing land into smaller lots, not moving development potential from one property to another.