Published by Victor Cacciatore
Eminent domain decisions are fact-specific, but a property owner can take sensible steps now to preserve information and avoid giving up leverage.
Relocation is separate from real estate compensation
Eligible displaced businesses may have claims for certain actual moving expenses and other relocation benefits in addition to compensation for the property interest acquired.
Start documenting before the move
Inventory equipment, fixtures, inventory, utilities, specialty installations, and vendor requirements. Keep estimates, invoices, time records, and photographs.
Coordinate before incurring major costs
Eligibility and documentation rules can be detailed. A business should understand the agency’s process before committing to expensive work or discarding equipment.
Every operation is different
Manufacturing, restaurants, medical uses, warehouses, and offices face different move and reestablishment issues. A careful plan should reflect the actual operation.
This article is general information, not legal advice. Reading it does not create an attorney-client relationship.