Highest And Best Use
Glossary Of Real Estate Terms
Highest and best use
Quoted:
Highest and best use is a concept in Real estate
appraisal. It states that the value of a property is directly related to the use
of that property; the highest and best use is the reasonably probable use that
produces the highest property value. This use, the Highest and Best Use, may or
may not be the current use of the property.
Highest and best use
