Highest and best use — is a concept in real estate appraisal. It states that the valueof 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… … Wikipedia
highest and best use — geriausias turto panaudojimas statusas T sritis turto vertinimas apibrėžtis Efektyviausias, kiek fiziškai įmanoma, teisiškai leidžiama ir finansiškai galima, vertinamo turto panaudojimas. atitikmenys: angl. highest and best use šaltinis… … Lithuanian dictionary (lietuvių žodynas)
highest and best use — In real estate valuation (e.g. in condemnation proceedings) the use of land or buildings which will bring the greatest economic return over a given time. This method of valuation requires expert to determine what condemned property s fair market… … Black's law dictionary
best use — In eminent domain, the value of property considering its optimum use at a given time and hence the money which should be awarded for such governmental taking; used commonly as highest and best use , (q.v.) … Black's law dictionary
best use — In eminent domain, the value of property considering its optimum use at a given time and hence the money which should be awarded for such governmental taking; used commonly as highest and best use , (q.v.) … Black's law dictionary
use — verb To make use of; to convert to one s service; to employ; to avail oneself of; to utilize; to carry out a purpose or action by means of; to put into action or service, especially to attain an end. State v. Howard, 221 Kan. 51, 557 P.2d 1280,… … Black's law dictionary
use — 1 / yüs/ n 1 a: an arrangement in which property is granted to another with the trust and confidence that the grantor or another is entitled to the beneficial enjoyment of it see also trust; statute of uses in the important laws section ◇ Uses… … Law dictionary
Value-in-use — is the net present value (NPV) of a cash flow or other benefits that an asset generates for a specific owner under a specific use. In the U.S., Value in Use is generally estimated at a use which is less than highest and best use, and therefore… … Wikipedia
most suitable use valuation — For gift and estate tax purposes, property that is transferred normally is valued in accordance with its most suitable or highest and best use. Thus, if a farm is worth more as a potential shopping center, this value will control even though the… … Black's law dictionary
most suitable use valuation — For gift and estate tax purposes, property that is transferred normally is valued in accordance with its most suitable or highest and best use. Thus, if a farm is worth more as a potential shopping center, this value will control even though the… … Black's law dictionary
