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M

Market value

The most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.

Monitoring

Actions carried out to measure and record change on land upon which a covenant has been placed, determine the effectiveness of the covenant to protect the land and ensure compliance with the terms of the covenant.