Tennessee § 29-17-1004 Appraisal required in any condemnation proceeding

Tennessee Statutes

§ 29-17-1004 — Appraisal required in any condemnation proceeding

Notwithstanding any law to the contrary, in any condemnation proceeding in this state, an appraisal of the property must be obtained. The appraisal shall value the property considering its highest and best use, its use at the time of the taking, and any other uses to which the property is legally adaptable at the time of the taking. Any appraiser making an appraisal must possess the designation Member of the Appraisal Institute (MAI), or be an otherwise licensed and qualified appraiser under the State Licensing and Certified Real Estate Appraisers Law, compiled in title 62, chapter 39.

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Notwithstanding any law to the contrary, in any condemnation proceeding in this state, an appraisal of the property must be obtained. The appraisal shall value the property considering its highest and best use, its use at the time of the taking, and any other uses to which the property is legally adaptable at the time of the taking. Any appraiser making an appraisal must possess the designation Member of the Appraisal Institute (MAI), or be an otherwise licensed and qualified appraiser under the State Licensing and Certified Real Estate Appraisers Law, compiled in title 62, chapter 39.

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