Moving Expenses
There is a wide variety of practice in this area, so be clear. Many company relocation policies address such points as:
- Do you provide reimbursement of closing costs for the sale of my old house?
- Do you provide reimbursement of closing costs for the purchase of my new house?
- Will the company assist in the sale of my current house?
- If I can’t sell my old house, do you have a program that will buy it?
- Can the company provide a loan for buying a house? If so, what are the terms?
- If I need to rent while looking for a house, will I be reimbursed?
- Does the company pay for house-hunting trips in the new community? How many?
- Does the company provide reimbursement for temporary living expenses? Any limitations?
- Does the company provide reimbursement for the shipment of household goods?
- Does the company provide reimbursement for the storage of household goods?
- Does the company provide reimbursement for the shipment of family vehicles?
- Does the company provide reimbursement for the tax gross-up of the taxable portion of moving expenses?
- In the event my landlord is unwilling to release me from my lease, will the company assume the obligation for the lease?