Document Sample scope of work template
CEMVP-RE-E 3/98 HIGHEST AND BEST USE
EXAMPLE  Highest and best use is defined by "Real Estate
Appraisal Terminology" as follows:        "That reasonable and
probable use that supports the highest present value, as
defined,       as of the effective date of the appraisal.
Alternatively, that use, from among reasonably probable and
legal alternative uses,       found to be physically possible,
appropriately supported, financially feasible, and       which
results in highest land value.        The definition immediately
above applies specifically to the highest and best use of
land. It is to be recognized that in cases where a site has
existing improvements on it,       the highest and best use may
very well be determined to be different from the existing
use. The existing use will continue, ho