Property Ownership
What is 'air rights' in Idaho real estate?
AThe right to fly aircraft over a property
BProperty rights extending above the surface of land, which can be separately sold, leased, or developed✓ Correct
CThe right to install air conditioning
DGovernment regulation of airspace
Explanation
Air rights are property rights in the space above a parcel of land. They can be sold or leased separately from surface rights — for example, air rights above a building can be sold to allow construction of additional floors.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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