Last updated: 10/12/2020
3502. Highest and Best Use Explained
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Description
3502. "Highest and Best Use" Explained Instruction No 1 Request by Plaintiff Given as Proposed Refused Withdrawn Request by Defendant Given as Modified Requested by Given on Court's Motion Judge Instruction No 1 You must determine fair market value based on the property's highest and best use. The highest and best use is the most profitable legally permissible use for which the property is physically, geographically, and economically adaptable. Do not consider any personal value of the property to [name of property owner] or [his/her/its] need for the property. Also, do not consider the particular need of [name of condemnor] for the property. ________________________________________________________________________________ New September 2003; Revised June 2015