Transfer of Development Rights

What are Transfer of Development Rights?

Transfers of development rights are used to transfer ownership of development potential from lands where development is less desirable to lands where it is more desirable. The land from which development is transferred is generally called the "Sending Property" and the property to which it is transferred is called the "Receiving Property". Ownership of both the sending and receiving properties remain unchanged – i.e. no land is sold. Instead some or all of the ability to develop the selling parcel is "severed" from that parcel and sold to the owner of the receiving property. After the transaction, the owner of the selling parcel can develop less than she could before, and the owner of the receiving property can develop more than before. Please see the implementation guide for additional information.

Transfer of Development Rights Forms and Registry:

• Buyer and Seller Registry
• Receiving Property Calculation
• Sending Property Calculation
• Reduction of Minimum Densities
• Registration of Restrictive Covenant
• Replacement of Development Right Certificate
• Interested Buyers and Sellers Request Form
• Restricted Covenant Form