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.

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

• Air rights and subterranean rights may be disposed of for any permitted use within the Project Area boundaries.

• Air rights mean the space located above the surface of the ground, lying within a project’s property limits.

• Air rights shall mean means estates, rights, and interests in the space above the surface of the ground or the surface of streets, roads, or rights‑of‑way including access, support, and other appurtenant rights required for the utilization thereof;”SECTION 6.

• Sending Areas/Conservation Goals Consistent with GMA goals, Tacoma’s TDR program is designed to permanently conserve land in the following types of sending areas:• Agriculture and forest resource lands in Pierce, King, and Snohomish counties.• Air rights from landmark sites in Tacoma’s downtown and mixed-use centers.

• 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.

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 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 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 exclusive undisturbed use and control of a designated air space within the perimeter of a stated land area and within stated elevations. [Statutory Authority: RCW 82.32.300, 82.01.060(2), and 82.45.150. WSR 05-23-093, § 458-61A-111, filed 11/16/05, effective 12/17/05.] WAC 458-61A-112 Mineral rights and mining claims. (1) When tax is imposed. A conditional sale of mining property in which the grantee has the right to terminate the contract at any time, and a lease and option to buy mining property in which the lessee/grantee has the right to terminate the lease and option at any time, is taxable at the time of execution on the amount of the consideration paid to the gran- tor/lessor for execution of the contract. The tax due on any addition- al consideration paid by the grantee and received by the grantor is paid to the county upon the first occurrence of the following events:(a) The time of termination;(b) The time that all of the consideration due to the grantor has been paid and the transaction is completed except for the delivery of the deed to the grantee; or(c) The time when the grantee unequivocally exercises an option to purchase the property.(2) Lease for royalty. A mining lease that grants the lessee the right to conduct mining exploration upon or under the surface of real property and to remove minerals from the property in exchange for a royalty is not subject to the real estate excise tax when the lease does not transfer ownership of the minerals to the lessee prior to severance from the real property.(3) Patented claims. Patented mining claims are real property and their sale is subject to the real estate excise tax.(4) Unpatented claims. Unpatented mining claims are intangible personal property and therefore not subject to the real estate excise tax. [Statutory Authority: RCW 82.32.300, 82.01.060(2), and 82.45.150. WSR 05-23-093, § 458-61A-112, filed 11/16/05, effective 12/17/05.] WAC 458-61A-113 Timber, standing. (1) The real estate excise tax applies to the sale of timber if the ownership of the timber is transferred while the timber is standing. The tax applies to the saleof standing timber whether the sale is accomplished by deed or by con- tract. See also chapters 84.33 RCW and 458-40 WAC for specific regula- tions and rules regarding the taxation of timber and forest land.(2) The grantor's irrevocable agreement to sell timber and pass ownership to it as it is cut is a taxable transaction if the total amount of the sale is spe...

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 "Remaining Property" on Schedule 1.1

Air rights. As defined in the recitals hereof.