Air rights

(redirected from Air-rights)
Also found in: Financial.

Air rights

A privilege or right, protected by law, to build in, occupy, or otherwise use a portion of air space above real property at a stated elevation, in conjunction with specifically located spaces on the ground surface for the foundation and supporting columns.
Mentioned in ?
References in periodicals archive ?
The revenue from the leased air-rights will generate substantially more revenue after the 2017 reset.
After several days of negotiations, Councilwoman Jan Perry, chief proponent of the measure, agreed to rewrite it and give the mayor the right to override council approval of air-rights transfers.
Brazil has 37 years of experience in the design and construction of high-rise buildings, hotels hospitals and air-rights projects with long-span transfer systems.
Mayor Antonio Villaraigosa has vetoed the council's air-rights plan, but only on a technicality.
There were two air-rights closings: one with MoMA and one with Saint Thomas Episcopal Church.