Compensation for Relocation Costs
One of the most difficult elements of a condemnation for a landowner is having to relocate his home or business on very short notice. Asking to be fairly compensated for relocating in addition to being compensated for your land is well within your rights in a condemnation action. Let’s look at some things you might seek condemnation for if your home or business property is condemned.
House or Homestead Condemnation
If the property where your home is located is condemned, you may be able to seek compensation for the following:
- Cost of moving your property. This would include things like paying for your moving truck, boxes, and professional packing.
- Cost of transporting your family. If you have to make a long-distance move that would require your family to fly or take other transportation, those costs may be compensable.
- Storage costs. If you are having to temporarily relocate to a smaller home or apartment while you are trying to find a permanent home, you may be reimbursed for the cost of storing your property for up to one year from the condemnation.
- Insurance. You may also be repaid for the insurance premiums you have to pay to protect your property during the move or in storage.
However, you won’t be able to recoup the costs of hiring a real estate agent to find a new home for you. If you move to an area that has a higher cost of living than your old property, you will not be compensated for the difference.
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Business Property Condemnation
If the land on which your business is located is condemned, you may be able to recover additional costs beyond just the moving and storage costs discussed above such as:
- Cost of moving the business property. This would include things like paying crating costs, packing and moving, as well as loading, unloading and uncrating.
- Dismantling costs. If the condemner is taking your property but has no interest in your equipment or machinery that has become affixed to the land, you may be compensated for the cost of dismantling and moving the equipment to your new business location.
- Permits and Licenses. You may seek compensation for any new business licenses or permits that you have to purchase in your business’s new location.