Property Ownership
A Florida property owner sells only the 'air rights' above their parcel to a developer. This is an example of:
AAn easement appurtenant
BThe separate conveyance of one of the bundle of rights associated with real property ownership✓ Correct
CA condemnation action
DA standard deed transfer
Explanation
Real property ownership is often described as a 'bundle of rights' that can be separated and conveyed individually. Air rights are one component of this bundle that can be sold, leased, or transferred separately from the land and improvements.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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