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
What this law says, in plain English
In property valuation matters, a witness may base an opinion on the capitalized value of reasonable net rental value attributed to 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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