New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 11 - RELOCATION ASSISTANCE AND EVICTION
Subchapter 3 - RELOCATION PAYMENTS
Section 5:11-3.12 - Payment in lieu of moving and related expenses
Universal Citation: NJ Admin Code 5:11-3.12
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The owner of a displaced business may receive an in lieu of moving and related expenses payment equal to the average net income for the last two years, but not less than $ 2,500 nor more than $ 10,000.
1. A person whose sole business at the
displacement location is the rental of the property to others, or the owner of
an outdoor advertising display at the displacement location, shall not qualify
for a payment under this section.
(b) In order for an applicant to be eligible for an in lieu payment, the displacing agency shall determine that:
1. The business cannot be relocated without a
substantial loss of its existing patronage; and
2. The business is not a part of a commercial
enterprise having another business of the same or similar nature that is not
being acquired; and
3. The business
contributes materially to the income of the owner.
(c) The owner of a farm operation may receive payment in lieu of moving expenses calculated on the same basis as for a business, provided the displacing agency determines that:
1. The farm operation contributes materially
to the operator's income; and
2.
The displacement renders the farm operation an uneconomic unit.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
