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Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. Order doesnt matter for the first two tests, but its essential for the last two.
EASEMENTS: An irrevocable right to use some part of another person’s realproperty for a particular purpose. Most easements are routine, in which a utility company needs access to the property to maintain service of its electricity, water or internet.
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