Development Rights Transfers Live in the Public Record
By Michael Stern, JDS Development Group Photo by camera obscura on Unsplash A lot on an assembled site can carry floor area that no survey of that lot will ever show. The area arrived from a neighbor, it lives in an instrument filed with the office that keeps the land records, and the only place it can be proved is the record of title. This is written for developers, land use lawyers and underwriting professionals who have to establish how much building a site actually holds before a design exists. On the sites I work on the buildable envelope is assembled rather than found, and the assembly is legal before it is physical. The document that performs it is a recorded declaration, and everything the tower is permitted to be rests on that document being drafted and filed correctly. What a Development Rights Transfer Actually Records A transfer of unused floor area is not a conveyance of land. Nothing about the boundary of either lot changes and both owners keep their parcels. W...