Real Estate Glossary

Highest and Best Use

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Glossaries

Term Main definition
Highest and Best Use

The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria "highest and best use" must meet are: legal permissibility, physical possibility, financial feasibility, and maximum profitability.

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San Francisco Property Management

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