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LSDefine

Simple English definitions for legal terms

highest and best use

Read a random definition: place of wrong

A quick definition of highest and best use:

Highest and best use refers to the most profitable way to use a piece of property. This is important when determining the fair market value of the property, especially in cases of eminent domain. Other types of property use include conforming use, nonconforming use, and conditional use, among others. Some uses, like public use, benefit the public, while others, like exclusive use, give someone the right to use a specific mark or property without exception.

A more thorough explanation:

Definition: The most profitable use of a property, as determined by market demand and financial analysis.

Example: A vacant lot in a busy commercial area may have the highest and best use as a retail store or office building, rather than a residential property. This determination is made by analyzing market demand, potential income, and development costs.

Explanation: The concept of highest and best use is important in real estate valuation and development. It helps property owners and investors determine the most profitable use of a property, which can maximize its value and potential income. By analyzing market demand and financial factors, such as development costs and potential income, the highest and best use of a property can be determined. This can guide decisions about whether to develop or sell a property, and what type of development to pursue.

higher scale | highest degree of care

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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