Property Ownership
In Alaska, an 'air lot' or 'air parcel' refers to:
AA lot with an outstanding natural view
BA parcel of airspace defined and sold separately from the underlying land✓ Correct
CA rural lot without physical access to roads
DLand designated for airport expansion
Explanation
Air rights (or air lots) are the rights to the airspace above a parcel of land. They can be sold separately from the land itself — for example, in urban areas where developers may purchase air rights above low-rise buildings to construct high-rise developments.
Related Alaska Property Ownership Questions
- In Alaska, a 'right-of-way' is most accurately described as:
- The government power of 'eminent domain' allows the government to:
- In Alaska, which form of co-ownership includes the right of survivorship so that a deceased owner's share passes automatically to the surviving co-owner(s)?
- Riparian rights in Alaska refer to a landowner's rights regarding:
- In Alaska, property taxes are assessed and collected by:
- Which of the following instruments is used to transfer personal property that is NOT real estate?
- An easement appurtenant benefits:
- The process by which Alaska state land is sold or transferred to private ownership is commonly known as:
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