Light and air unit

Light and Air Unit is a term used in the field of Architecture and Building Construction to describe a type of Real Estate property that does not physically exist but holds a legal value.

Definition

A Light and Air Unit is a legal construct in real estate where a developer or property owner sells or leases the rights to the air space above a property. This is often done in densely populated urban areas where building space is at a premium. The concept of a Light and Air Unit allows for the construction of taller buildings and the maximization of available space.

Legal Aspects

The concept of a Light and Air Unit is rooted in the legal principle of Air Rights, which is the concept that the space above a property belongs to the owner of that property. This principle allows property owners to sell or lease the air space above their property, effectively creating a Light and Air Unit.

In many jurisdictions, the sale or lease of air rights requires approval from local planning or zoning authorities. This is to ensure that any development in the air space does not negatively impact the surrounding area, for example by blocking light or views, or by creating excessive noise or traffic.

Uses

Light and Air Units are often used in the construction of Skyscrapers and other tall buildings. By purchasing or leasing the air rights above a property, a developer can construct a taller building than would otherwise be allowed under local zoning laws.

In addition to skyscrapers, Light and Air Units can also be used for other types of development, such as bridges, billboards, or telecommunications towers.

See Also

• Air Rights
• Real Estate Development
• Zoning