Definition: Air rights are interests in the use or development of airspace above land, subject to legal and regulatory limits.
Example
A development arrangement separately conveys rights to build above an existing structure.
Keep the distinction clear
Air rights are not unlimited ownership of the sky. Zoning, aviation rules, easements, and the terms of a transfer can restrict use.
Related terms
Land · Real Property · Easement
Keep studying
DEEP C: The Bundle of Property Rights Explained
References: Cornell LII: land and property rights
Pronunciation (US): AIR RYTS (capitals show stress)
Pronunciation reference: Merriam-Webster
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