Property Valuation
In Michigan, 'interim use' of a property refers to:
AA use that violates zoning and will be terminated
BA temporary use of the property until it reaches its highest and best use✓ Correct
CA use that is in between two zoning categories
DA use permitted only during construction
Explanation
Interim use is a temporary use of property that is not its highest and best use but generates some return while the property is being held until conditions are right for the highest and best use to be developed. Appraisers consider interim use in Michigan valuations.
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