Definition of Transfer of development rights (TDR)

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TeachMeFinance.com - explain Transfer of development rights (TDR)



Transfer of development rights (TDR)

The term 'Transfer of development rights (TDR) ' as it applies to the area of agriculture can be defined as ' Property rights that may not be used on the land from which they were derived; usually they are sold from areas where uses are restricted, such as active agricultural areas, to receiving or growth areas where development is being encouraged'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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