Property Ownership
An 'air lot' in North Carolina is a type of ownership that refers to:
AOwnership of airspace above the ground surface, typically in a high-rise development✓ Correct
BAgricultural air rights for crop dusting
CFAA-granted rights over a runway
DOwnership of the mineral rights below the surface
Explanation
An air lot (or airspace parcel) is ownership of a designated airspace above land, commonly used for upper-floor units in high-rise buildings or air rights developments.
Related North Carolina Property Ownership Questions
- In NC, what happens to a joint tenancy when one joint tenant sells their interest to a third party?
- In NC, the 'doctrine of merger' in real estate means that when a buyer receives the deed at closing:
- In North Carolina, which form of co-ownership includes the right of survivorship but is NOT available between spouses?
- In NC, 'pur autre vie' is a type of life estate that lasts for:
- An 'easement in gross' in NC benefits:
- Under NC's transfer on death (TOD) deed statute (effective 2012), a property owner may:
- Which of the following is a government power affecting real property in North Carolina?
- Which type of deed provides the GREATEST protection to the grantee and is most commonly used in NC residential sales?
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →