Home >  Term: Purchase of development rights (PDR)
Purchase of development rights (PDR)

The acquisition of property development rights through voluntary sale by the landowner to a government agency or land trust. The government agency or land trust acquiring development rights typically restricts future uses of the land to farming or open space.

0 0

Penulis

  • AjayOwor
  •  (Gold) 1463 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.