highest and best use

Real estate. In valuing property, the use that will generate the most profit.

• This standard is used esp. to determine the fair market value of property subject to eminent domain. — Often shortened to best use.

— Also termed most suitable use. [Cases: Taxation 348(3).]

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词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。