Who Owns the Air Above Your Home?
Posted by Mike + Michelle Grizzell on
You own your home, your front yard, and your backyard. You enjoy making the home your own, planting what you’d like in your yard, and adding things like swimming pools and new fences. Have you ever considered the other part surrounding your home and who owns it?
We’re talking about the air above your home. Who owns this part of your home, you, the neighborhood, the government, or someone else? Why would this matter anyways? If you live in an area like New York City, this is a big concern for residents.
You can actually purchase the square footage over a low-rise building in New York and many developers are taking advantage of this opportunity despite the $300 per square foot price tag. This may make others around the country start to wonder about…
1003 Views, 0 Comments