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Transferable development rights (TDR) is a method by which developers can purchase the development rights of certain parcels within a designated sending district and transfer the rights to another receiving district to increase the density of their new development.
What is a TDR property?
● TDR is a legal and zoning mechanism which allows landowners to retain legal. title to their land, but sell its development rights for use on other properties.
What is an example of a TDR?
The Transferable Development Rights are usually transferred from the fully developed zones to other zones and not vice-versa. For example, in the case of a city like Mumbai, the TDR which is generated in the island city (i.e. southern part) will be utilized for development in the suburban areas (i.e. northern part).
What are developmental rights?
The rights given to a property owner to control or develop land in compliance with all applicable land use regulations. An example of a type of development right is air rights. A landowner can sometimes sell their development rights separate from the ownership of the property.
What is an example of transfer of development rights?
TDR programs allow landowners to sever development rights from properties in government-designated low-density areas, and sell them to purchasers who want to increase the density of development in areas that local governments have selected as higher density areas.
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Transfer of Development Rights (TDR) in Washington State
by J Aken 2008 Cited by 27 TDR goes beyond traditional zoning by compensating landowners who give up their right to develop, by protecting property from development in perpetuity, and by
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