Legal Definitions - best use

Definition: The most profitable or suitable use of a property.

Examples:

• A vacant lot in a commercial area may have the best use as a retail store or office building.
• A large house in a residential area may have the best use as a multi-family apartment building.

These examples illustrate that the best use of a property is determined by its location and potential profitability. It is important for property owners and investors to consider the best use of a property in order to maximize its value and potential income.