Is the air an easement?

Is the air an easement?

Right of Light and Air: means the right for a person to ensure that they preserve the provision of light and air by prohibiting building or block out within a specified area on adjoining land. Any “Right” is an Easement.

How much are air rights in NYC?

How much is air? According to the Department of City Planning, Manhattan air rights average $225 per square foot citywide. (To put the price of NYC air rights in perspective, the national housing average price per square foot is $64.44, according to the US Census Bureau.

What are air rights NYC?

The term “air rights,” also referred to as “excess development rights” is floor area that is allowed by zoning but has not been constructed or used. For example, in a zoning district that allows a Floor Area Ratio of 5.0, a 10,000 square foot property may be developed with up to 50,000 square feet of floor area.

How do I check my air rights in NYC?

The transfer of development rights (commonly known as selling “air rights”) is recorded through the filing of a declaration with the City Register. You can look up the property records, including such declarations, for a property by visiting the Department of Finance’s online database, ACRIS.

What is an easement in New York State?

•They can be Public or Private, Express or Implied •They are a property right less than fee ownership •They are not a possessory interest in real property Introduction

What’s the difference between a license and an easement?

•not an interest in real property, •personal to the holder, •not assignable and •are of limited duration •nothing more than an excuse for the act, which would otherwise be a trespass •Franchises are licenses COMPARED to other rights

Is the right to lateral support an easement?

The right to lateral support is not so much an easement, as it is a right incident to the ownership of the respective lands. Village of Haverstraw v. Eckerson,192 N.Y. 54 (1908). \^The natural right of support, as between the owners of contiguous lands, exists in respect of lands only, and not in respect of buildings or erections thereon.

What makes a lease a lease in New York?

•\^A document is a lease “if it grants not merely a revocable right to be exercised over the grantor’s land without possessing any interest therein but the exclusive right to use and occupy that land…