Government Buyout of Your Property: Your Top 10 Relocation Rights

In the event you as a business owner or homeowner or even a residential tenant are forced to move due to a government buyout, you are eligible for relocation expenses.

These expenses may include the following top ten relocation payments.

1. Move costs of your property
2. Search costs & expenses for a new place to move.
3. Re-connection costs for your personal property & equipment.
4. Closing costs relating to the new property
5. Storage costs

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1. Replacement Licenses & permits
2. Certain costs to reestablish at the new property including some construction costs
3. Costs relating to the purchase of new equipment such as stoves & machinery
4. Costs incurred attempting to sell personal property that is not moved.
5. Costs to plan & make the move go smoother.

The eligibility for costs depends on if you are a business or homeowner. Homeowner claims when done properly can be $30,000 to $60,000. For businesses they can be in the several hundreds of thousands & sometimes much more. The key is making thorough claims. The relocation laws are in place to compensate you for losses you carefully face for a project for the public as a whole.

Mr. Schnitker has been involved in thousands of commercial, industrial, single-family and multi-family acquisitions and relocation projects and has worked on dozens of development projects from site acquisition through construction.