Development rights refer to a property owner's ability to further develop or build upon existing property
The measurement that regulates the permitted buildable square footage on a zoning lot is known as Floor Area Ratio
Also owns the unused and untransfered development rights
The owner can exercise their right to build or convey rights to another parcel
Air rights govern control of a volume of space (in the air) which is real property, whereas development rights are the right to build square footage on a lot or existing building
We analyze FAR calculations and numerous other factors to determine unused development rights so buyers can understand the potential for change in the properties adjacent to their purchase.