Goodman and Davis live in an area of New York City in which there is a 20-story limit on buildings.Goodman owns a 12-story building.Davis wishes to build a 26-story building.Goodman wants to sell Davis a portion of his unused air rights.The air rights being sold in this scenario are called:
A)ad coelum rights.
B)ad inferos rights.
C)transferable development rights.
D)air capture rights.

Question

Quizplus · Accepted Answer

Transferable development rights (TDRs) are a way for property owners to sell unused development rights to developers who wish to build larger buildings than zoning regulations allow. In this case, Goodman is selling Davis a portion of his unused air rights, which fall under the category of TDRs. Ad coelum rights and ad inferos rights refer to ownership of air space above and below ground level, respectively, and do not apply in this scenario. Air capture rights are a type of environmental right related to reducing greenhouse gas emissions and do not apply in this scenario.

Goodman and Davis Live in an Area of New York