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An example of air rights transfer between properties: a high-rise building extends over a four-story building in New York City. In real estate , air rights are the property interest in the "space" above the Earth's surface.
At common law, property owners held title to all resources located above, below, or upon their land. Cuius est solum, eius est usque ad coelum et ad inferos (Latin for "whoever's is the soil, it is theirs all the way to Heaven and all the way to Hell") [1] is a principle of property law, stating that property holders have rights not only to the plot of land itself, but also the air above and ...
Weiss, Lois. "Air Rights Case Headed for Supreme Ct. Review - Transferable Development Rights for Grand Central Terminal, New York, New York." Real Estate Weekly 4 May 1994. Boyd, Lydia, and Lynn Pritcher. "Brief History of the U.S. Passenger Rail Industry." Duke University Libraries: Digital Collection. 25 January 2008.
A high-profile trial involving a luxury condominium in downtown Sarasota concluded on Thursday to determine who owns the air rights in The Quay.
The underlying legal concept of a transfer of development rights programme is the notion that all land has a bundle of property rights. [1] It is used for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation.
An example of this is the lengthy Irish Lissadell House rights of way case heard since 2010, that extended long-standing consents given to individuals into a public right of way. [ 15 ] [ 16 ] In other jurisdictions, such permission immediately converts the easement into a terminable license, or restarts the time for obtaining a prescriptive ...
It apparently isn't enough that people all across America are losing their real homes to foreclosure because their real jobs have vanished. Now, we have people going to court suing over virtual ...
Houseboats, for example, occupy a gray area between personal and real property, and may be treated as either according to jurisdiction or circumstance. Bethell (1998) contains much information on the historical evolution of real property and property rights.