Development Rights

Development rights refer to the legal authority to build, modify, or use land according to local zoning laws and regulations. They determine what type of structures can be constructed, their size, and purpose on a property. These rights can be bought, sold, or transferred independently of the land itself, enabling landowners or developers to maximize the property's potential. Essentially, development rights regulate how land can be developed to ensure community planning, environmental protection, and infrastructure considerations are maintained.