McKissock Basic Appraisal Principles Practice Test

Transferring density rights from one parcel to another is described by transferable development rights. This mechanism lets the owner of a sending parcel relinquish some of its development potential so a receiving parcel can be developed more densely than its zoning would normally allow, often to protect open space while directing growth to designated areas. This concept fits because it specifically concerns shifting development capacity rather than altering use rights or creating purchase options. An easement provides a right to use land for a specific purpose but not to move development density. A covenant is a land-use promise or restriction, and a lease option is a contract to lease or buy, not a rights-transfer of density.