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Highest and best use (or highest or best use; HBU) is a concept in real estate appraisal that originated with early economists such as Irving Fisher, who conceptualized the idea of maximum productivity.
In real estate, betterment is the increased value of real property from causes other than investment made by the property owner. [1] It is, therefore, usually referred to as unearned increment or windfall gain.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Ameliorative waste is an improvement to an estate that changes its character even if the change increases the land's value. Under English common law, when ameliorative waste occurs, the interested party can recover from the tenant the cost of restoring the land to its original condition.
Improvement is the process of a thing moving from one state to a state considered to be better, usually by a change or addition that improves. The concept of ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
No. 6 Georgia and Georgia Tech's Friday night football game kicked off at 7:30 p.m. ET.. After 60 minutes of regulation — roughly four-and-a-half hours of real time — and an astounding eight ...