Test of Highest and Best Use
In order to be considered as the highest and best use of a property, any potential use must pass a series of tests. The exact definition of highest and best use varies, but generally the use must be the following:
- legally allowable
- physically possible
- financially feasible
- maximally productive
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Famous quotes containing the words test of, test and/or highest:
“It is the test of a novel writers art that he conceal his snake-in-the-grass; but the reader may be sure that it is always there.”
—Anthony Trollope (18151882)
“There is a parallel between the twos and the tens. Tens are trying to test their abilities again, sizing up and experimenting to discover how to fit in. They dont mean everything they do and say. They are just testing. . . . Take a good deal of your daughters behavior with a grain of salt. Try to handle the really outrageous as matter-of-factly as you would a mistake in grammar or spelling.”
—Stella Chess (20th century)
“The highest good. [summum bonum.]”
—Marcus Tullius Cicero (10643 B.C.)