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Business relocation can happen for many reasons. Most popular reasons include operation costs and / or more lucrative tax breaks in some other areas. The economy also plays a big role on a business’s targeted market which can also act as a reason for the relocation. This article provides answers to some of the most commonly asked questions about issues related to this. If my business has to be moved out due to a road widening project, what can I expect as compensation? I have been told that since this is a road widening project, eminent domain will not be applicable.
If you are the owner of the property, you will be recompensed. You will get a summons with notice of condemnation action has been filed. You will have to appraise the property to present to the court. Your property will be valued from the appraisal and the evidence presented from the other party. If you lease the concerned space, you can file a separate action if anything in your lease does not debar you from doing so. Eminent domain might be applicable in your case and you have to consult a lawyer for informed opinion. My landlord agrees that the conditions in my store are bad and they are willing to let me out of a lease. However, they have not agreed to pay for my business relocation. What should I do?
Before doing anything, it is better to urge the landlord into a response. You should also make a relocation list and add the amount of money that is required to make the move. The list should include the actual move, lost business during the move, new stationary with new location, the time and expense of notifying your clientele, and the loss of advertisement that will not benefit the new location. It is a vital document allowing you to enter into an agreement with the landlord as well as your claim if this goes to the court. Your landlord might be convinced to give you free rent in another location of their choice in exchange of the lost revenue. What are the options that I have if my landlord doesn’t repair the plumbing in the building? I am losing business daily.
Your situation can be termed as a “Hobson’s choice”. That is if you want to fix the problem you have to relocate. The problem is not the plumbing; rather it is the denial of the landlord to fix the plumbing. If the situation aggravates to the point where you find it difficult to conduct business you are what is known as constructively evicted. It means that you are no longer bound by the lease and you have the right to relocate. You have a few options here. The first one is to get the building inspected with the code enforcement to look at the problem and claim that if it is not fixed, the entire building will be red tagged. The second option is to itemize the cost of repair by a contractor. Then you have to give the estimate to the landlord with the understanding that if it is not fixed you would have to relocate based on constructive eviction and you will sue for the business relocation cost. Business relocation might happen due to multiple reasons some of which are beyond our control. If you face any such issue you may ask a business lawyer to help you decide on the best course of action.
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