Definition: An appraisal term that focuses on the most profitable legal use to which a property can be put.
Pronunciation:
Used in a Sentence: The vacant lot located in a business district was not employing it’s highest and best use.
Definition: An appraisal term that focuses on the most profitable legal use to which a property can be put.
Pronunciation:
Used in a Sentence: The vacant lot located in a business district was not employing it’s highest and best use.