Air rights,

Definition of Air rights:

1. The right to build or develop in the airspace above a property.

2. Right to control, occupy, or use the vertical space (air space) above a property, subject to necessary and reasonable use by neighbor(s) and others (such as aircraft). One of the three distinct interests in a property, air rights can be bought, leased, sold, and transferred like the other two (mineral and surface) rights.

How to use Air rights in a sentence?

1. They bought and sold the house next door but retained the air rights above it.
2. We had air rights and we let the people in the area know so they would not complain about us, or something like that.
3. When he considered flying a blimp with a huge logo of the company on it to try to drum up sale, he made sure to check the air rights specifics so that he did not violate any usage rights of the airspace.
4. The company wasnt concerned about the small size of the real estate plot because, in New York City, it was all about air rights and they planned to build upward.