Definition
Think of development rights like the building potential tucked into your land. These are the legal permissions that let you develop property according to zoning rules, and here's the key: you can actually sell or transfer these rights separately from the land itself. That flexibility is powerful for managing your property's future.
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Development rights determine what can be built on land. These can be sold separately through TDR programs, transferred to other properties, or restricted by easements.
Pro Tip
Understanding your development rights is crucial before buying land. If your property has limited development potential or someone else holds the rights, you're dealing with a dramatically different investment than you think.
Example
Development rights allowing construction of 50 residential units on a 10-acre parcel.