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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 405322
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Development Rights: Current Trends and Legal Concerns

Live Webinar
April 30, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
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Learn about the latest issues impacting development rights.

This topic provides an overview of the role of development rights in real estate transactions and development projects, including a review of current trends and potential problem areas and areas of legal concern. The material will begin with an overview of zoning regulations, including use, floor area, bulk and light and air requirements. It will review the most common type of development rights transfer, by zoning lot merger, as well as other mechanisms, e.g., transfers from landmarks, by statute or special district designations, and by inclusionary or affordable housing bonuses. There will also be a discussion of development rights pricing, and areas of special interest to transactional real estate attorneys, such as the treatment of development rights in opinion letters and loan agreement covenants. There will be a focus on both local (primarily New York City) and national air rights schemes and regulatory trends.

Learning Objectives

• You will be able to describe the various major types of development right transfers.

• You will be able to discuss recent trends in development rights transfer mechanisms, including inclusionary housing.

• You will be able to explain the basis and precedents for pricing of development rights.

• You will be able to review a proposed real estate transaction or development project with an understanding of how to add value through a development rights transaction.


Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart