From the Forum: Negotiating the Sale of Air Rights

Photo by Susan De Vries

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    After finishing the renovation of their historic wood frame, homeowners are contemplating selling off a portion of their air rights and are looking for advice. The developer next door would like to purchase a fraction of their available air rights and have a lawyer ready to prepare a contract. What kind of lawyer should the homeowners have to represent them in the transaction? What other issues should they be aware of before undertaking such an agreement?

    Please chime in with your advice.


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