Legal Definitions - most suitable use

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Definition of most suitable use

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

Example: A vacant lot in a residential area may have the most suitable use as a location for a single-family home, rather than a commercial building or a park.

This term is often used in real estate valuation to determine the fair market value of a property. It considers the potential uses of the property that would generate the most profit or benefit. The example illustrates how the most suitable use of a property can vary depending on the location and zoning restrictions.

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Simple Definition

Use refers to the application or employment of something for its intended purpose. It can also refer to the right to use property and all that makes it desirable or habitable, such as light, air, and access. There are different types of use, such as conditional use, nonconforming use, and public use. The most suitable use is the one that will generate the most profit in valuing property. Use can also refer to a habitual or common practice, a purpose or end served, or a benefit or profit.

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