What does the term "air rights" include?

The term "air rights" refers to the rights a property owner has to the space above their real estate. This concept is crucial in real estate and urban planning, as it allows property owners to develop or lease the space above their land, which can be particularly valuable in densely populated areas.

For instance, a property owner may choose to build structures such as high-rise buildings or even install antennas and billboards within this air space. The ability to control what can be built above a property plays a significant role in maximizing the potential value and use of the land, especially in urban environments where vertical development is an option.

Other options focus on unrelated concepts or rights: leasing property pertains to tenancy and rental agreements, harvesting natural resources is about land use rights concerning minerals or agricultural products, and rights related to physical land only focus on the surface rather than the space above. Thus, the correct understanding of "air rights" clearly identifies them as the rights to the vertical space above the real estate, which is key for property owners looking to capitalize on their full property potential.