What is 'transferable development rights' (TDR) in Delaware?
Why A land use tool allowing development rights from a preserved property to be sold and used on another property in a designated receiving area Is Correct
Answer B: A land use tool allowing development rights from a preserved property to be sold and used on another property in a designated receiving area
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Key Terms to Know
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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