Highest and best use is defined as the use that meets which four criteria?
Correct Answer
B) Legally permissible, physically possible, financially feasible, and maximally productive
Highest and best use is the reasonably probable use of a property that is: (1) legally permissible — allowed by zoning and other regulations; (2) physically possible — suited to the site's size, shape, and terrain; (3) financially feasible — capable of generating a positive return; and (4) maximally productive — producing the highest land value among feasible uses.
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