Air rights definition

Air rights means the exclusive undisturbed use and control of a designated air space within the perimeter of a stated land area and within stated elevations.

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Air rights means rights to construct upper floors for sale and use, independent of the existing building;

Air rights means the right to use and develop the empty space above an immovable property.

Examples of Air rights in a sentence

Landlord hereby covenants to fully comply with its obligations under the Purchase Agreement and to purchase the Air rights, all as necessary for Landlord to fulfill its obligations hereunder.
Air rights projects have unique structures and therefore require more frequent inspection and additional maintenance to preserve the structure and maintain safety for the transportation infrastructure below or above the development.
Air rights, and the right to maintain, repair and replace all necessary supports, foundations and structural elements are included in the foregoing grant.
Air rights and ground lease for mixed-use, residential and retail development.
Air rights agreements should factor in the additional cost 7 Title 23, Chapter I, Subchapter H, Part 710 8 NRS Chapter 408 – Highways, Roads, and Transportation Facilities, Section 507 Lease of rental of Property.

More Definitions of Air rights

Air rights has the meaning given to that term in the Recitals.

Air rights. (lugregte) means the use and / or development of a defined space above a public road, railway line or another transport usage, and the allocation of rights for such purposes; see also ”underground rights”;

Air rights means those certain air rights owned by the Borrower with respect to 81 Greenwich Street, New York, New York, Block 19, Lot 18.

Air rights means the use of a building, which spans across an existing street at a specific height above the street level and does not restrict the use of the street, for any use which has been approved by the municipality.

Air rights the excess, if any, of the maximum permissible floor area of buildings now or hereafter available for "as of right" development of buildings on the portion of the Properties described as "Remaining Property" on Schedule 1.1

Air rights means air rights consisting of approximately 3,200,912 cubic feet lying directly above a site containing .71 acres of real property located in Nashville, Tennessee and more specifically described in EXHIBIT “A” attached hereto.

Air rights means those certain air rights owned by the Borrower with respect to 8▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ 19, Lot 18.