California · Evidence Code

EVID §819: When relevant to the determination of the value of property, a witness may take into account as a basis for his opinion the capitalized value of the reasonable net rental value attributable to the lan

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What this law says, in plain English

In civil cases involving property value, a witness may base their opinion on the capitalized value of reasonable net rental income from land.

Read the full statutory text

When relevant to the determination of the value of property, a witness may take into account as a basis for his opinion the capitalized value of the reasonable net rental value attributable to the land and existing improvements thereon (as distinguished from the capitalized value of the income or profits attributable to the business conducted thereon).

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