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Every piece of real estate has three separate and distinct physical elements: the subsurface, the surface, and the air space. The owner of the land acquires title to the land in conjunction with title to the underground space and the space above it.
Air rights mean the estate, title, interest and rights in the open space or vertical area above ground level. Any ownership of land includes the ownership of air rights, which are subject to reasonable aircraft interference.
The air itself is not real property; airspace, however, is real property when described in three dimensions with reference to a specific parcel of land. Such air rights are alienable. They can be sold, purchased, mortgaged, leased, or otherwise encumbered, subject to. easements of light and air.
Examples of the possible alienation of air rights are a condominium unit, which involves the ownership of a certain specified layer of air space, and an aviation easement, which is the right granted to aircraft, generally when approaching an airport, to fly at a stipulated altitude over certain specific land.
The following are the most common methods:
Insurable legal description
Drafting requires the expertise of an engineer. An air space description is always extremely difficult and complicated to draft. Only local experts should attempt such a task. Any air space description must also encompass the tracts describing the easements of support and access.
Insuring title to air space separated from the title to the soil is an extrahazardous risk.
If the air space is part of a condominium unit, please review the section on Condominiums.
In any other case in which the estate to be insured is a space above the surface of the property, specific approval must be obtained from the National Legal Department before issuing any title commitment or title policy.