Across The Fence
Barron's Real Estate Dictionary:
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Across The Fence
An appraisal technique whereby property in condemnation is appraised based on the use of adjacent land. Contrast corridor.
Example: A new pipeline will cut through a tract of farmland. The market price of the farmland is $5,000 per acre. The price paid in condemnation is $5,000 per acre taken, based on uses on either side of the proposed pipeline.
Example: A new pipeline will cut through a tract of farmland. The market price of the farmland is $5,000 per acre. The price paid in condemnation is $5,000 per acre taken, based on uses on either side of the proposed pipeline.
| Acreage, Acre, Commercial | |
| Act of God, Active Participation |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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