Chapter 12 Highest And Best Use Analysis Flashcards Preview

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Flashcards in Chapter 12 Highest And Best Use Analysis Deck (3)
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0
Q

habu is the ___________ on which ________ value rests

A

Foundation, and market

1
Q

What does the highest and best use identify?

A

It identifies the most probable, competative use of the property
-all valuations are based on use

2
Q

Fundamental of highest and best use definitions

A

The reasonably probable and legal use of vacant land or an improved property that is phisically possible, appropriately supported and financially feasible and results in highest value.