What is an example of air rights in real estate terms?

In real estate, air rights refer to the rights to use, control, or lease the space above a piece of property. The correct choice illustrates this concept well, as it emphasizes the ability to build a taller structure on top of an existing one. This potential for vertical development allows property owners to maximize the use of their space, especially in urban areas where land is limited.

Utilizing air rights can lead to increased density, facilitating more residential, commercial, or mixed-use developments in a particular area, which is a common practice in city planning and real estate development. This is especially relevant in densely populated cities where ground space is at a premium, making it essential to develop upwards rather than outwards.

The other options do not represent air rights. The right to occupy land relates to ground-level entitlements rather than usage of the air above it. Leasing land is about transferring ground rights and does not pertain to the vertical space above it. Accessing mineral resources refers to subsurface rights, which are also distinct from air rights.