You are likely to encounter a range of different terminology when researching TTR’s.
Common phrases used include – Transferable Title Rights (TTR’s), Transferable Titles, Transferable Development Rights (TDRs), Transfer Rural Site Subdivision (TRSS) and Transferable Rural Site Subdivision Rights (TRSSRs).
Transferable Title Rights (TTR’s) can be viewed as the right to the transfer the residential development potential of a rural site from one property to another elsewhere in the district. They therefore provide an effective mechanism for rural subdivision in parts of the Auckland region.
The TTR subdivision rules apply to rural zonings only. The rules can and do vary considerably between the various rural zones and from district to district.
