Transferable Development Right subdivision (Rural)
A Transferable Development Right (TDR) subdivision is a method of subdivision where you transfer an entitlement from one property to another, whether in common ownership or not, and create an additional title. The purpose is to remove titles from sensitive locations and create them in less sensitive locations. Donor entitlements come from amalgamating lots, 40ha subdivision entitlements and Environmental Benefit lots, and are located in sensitive areas.
The entitlements can be transferred to less sensitive areas, and often to properties where subdivision would not otherwise be possible. You can only create one additional TDR lot per title and a consent notice is registered on your title to record the use. A bond is registered on the donor property so the entitlement can only be ‘spent’ once, and the remaining entitlements are recorded.