air rights'

air right

noun
1.
a right of way in the air space above a property owner's land and the immovable property on it, subject to the public right of air navigation above the property at a legally prescribed altitude.
2.
such a right sold or leased for use or occupation, especially on a support elevated above an immovable property, as for the erection of an office building over a railroad track.

Origin:
1920–25

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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