air rights
The term "air rights" refers to the legal entitlements associated with the vertical space above a property or territory, which can be utilized for construction, development, or flight operations.
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Definition
C1Real Estate
(technical, legal)The legal entitlement to use or develop the space above a piece of land.
Example
- The developer purchased the air rights to build additional floors on top of the existing structure.
C1Aviation
(technical, legal)The permission granted to an aircraft operator to fly over a specific area or route.
Example
- The airline negotiated air rights to operate flights over several countries.
Similar
Terms that have similar or relatively close meanings to "air rights":
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