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:

Question

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Transferable development rights (TDRs) allow property owners to sell their unused air rights to other developers who want to build higher than zoning laws permit. In this scenario, Goodman is selling his unused air rights to Davis so that Davis can build a 26-story building, exceeding the 20-story limit set by the city. TDRs are a way to encourage denser development in certain areas while preserving the character of existing buildings and neighborhoods.

Goodman and Davis Live in an Area of New York