15.2-2316.1 - Definitions. - Virginia Statutes

§ 15.2-2316.1. Definitions.

As used in this article, the term:

"Development rights" means the permitted uses and density of developmentthat are allowed on the sending property under any zoning ordinance of alocality on a date prescribed by the ordinance. "Development rights"includes "transferable development rights."

"Receiving area" means one or more areas identified by an ordinance anddesignated by the comprehensive plan as an area authorized to receivedevelopment rights transferred from a sending area.

"Receiving property" means a lot or parcel within a receiving area andwithin which development rights are increased pursuant to a transfer ofdevelopment rights affixed to the property. Receiving property shall beappropriate and suitable for development and shall be sufficient toaccommodate the transferable development rights of the sending property.Development rights may be transferred between receiving properties, asotherwise permitted in the ordinance.

"Sending area" means one or more areas identified by an ordinance anddesignated by the comprehensive plan as an area from which development rightsare authorized to be severed and transferred to a receiving area.

"Sending property" means a lot or parcel within a sending area from whichdevelopment rights are authorized to be severed.

"Severance of development rights" means the process by which developmentrights from a sending property are severed pursuant to this act.

"Transfer of development rights" means the process by which developmentrights from a sending property are affixed to one or more receivingproperties.

"Transferable development rights" means all or that portion of developmentrights that are transferred or are transferable.

(2006, c. 573; 2007, cc. 363, 410; 2009, cc. 413, 731.)