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Simple English definitions for legal terms

most-suitable-use value

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A quick definition of most-suitable-use value:

The most-suitable-use value refers to the highest and best use of something from an economic standpoint. It is the value that would bring the most benefit to the owner if they were to use or sell the item in that way. For example, if a farm would be worth more as a shopping center than as a farm, the shopping-center value would be the most-suitable-use value. It is also known as optimal-use value.

A more thorough explanation:

Definition: Most-suitable-use value refers to the highest and best use of a property from an economic standpoint. It is the value that a property would have if it were used in the most profitable way possible.

Examples: For example, if a piece of land is currently being used for farming, but it is located in an area where commercial development is booming, the most-suitable-use value would be the value of the land if it were used for commercial development instead of farming. Another example would be if a building is currently being used as a warehouse, but it is located in an area where residential development is in high demand, the most-suitable-use value would be the value of the building if it were converted into residential units.

Explanation: The examples illustrate how the most-suitable-use value is determined by the potential profitability of a property's use. It takes into account the current market demand and the potential for future growth or development. By determining the most-suitable-use value, property owners can make informed decisions about how to use their property to maximize its value.

most suitable use | moteer

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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