In case your organization provides a relocation package and has agreed to reimburse (certain) relocation expenses which will be incurred, which are prepaid by yourself as an employee, or to pay certain relocation expenses on behalf of Employee, this agreement is a useful document for you. In case of Legal communication is essential to individuals and companies to ensure truthful, accurate information exchange and enable morally-correct decision making. This is important to give consideration on how to communicate and how to remain lawful in your day-to-day business activities. Therefore, communication in situations that involve legal complications, request extra attention. Using our easy-to-modify Relocation Agreement helps to make a perfect document for any kind of personalized legal matter.
Reimbursement is limited to the following expense categories: Moving and Relocation Expenses, Revised Controller’s Office Procedures House hunting Temporary quarters Home sale Purchase of home Cancellation of lease Travel (actual move to new job location) Transportation (household and personal goods)-only one move allowed Storage G.1 House Hunting House hunting expenses apply to both the employee and spouse.. G.3 Home Sale and Lease Cancellation The following expenses related to the sale of a principal residence or lease cancellation due to moving and relocating are reimbursable: Actual expense of real estate commissions Moving and Relocation Expenses Page 5 Revised 1/30/18 Controller’s Office Procedures Attorney s fees Escrow fees Pest inspections State transfer taxes The following expenses are not reimbursable: Sales commissions and similar expenses if the employee acts as a selling agent (closing and legal costs are allowed) Buyer s closing costs Advertising and "fix-up" costs Loss sustained on sale of residence Real estate and capital gains taxes Payment and repayment of interest Mortgage penalties and buyer’s closing costs Points or loan payment charges that are negotiable G.4 Purchase of Home Certain expenses related to the purchase of a home, incurred by an employee relocating to a new work place, will be reimbursable.. These specific expenses are reimbursable: VA funding fee Origination fee or lease processing fee Survey fee Appraisal fee Credit report Home Inspection Fee (Limit 1) Title search Moving and Relocation Expenses Page 6 Revised 1/30/18 Controller’s Office Procedures Recording fee Title Insurance Attorney fee Notary Fees The following expenses are not reimbursable: Utility deposits and/or connection fees Real estate taxes, prepaid or otherwise Capital gains taxes Mortgage loan differential Realtor fees related to purchasing Remodeling or d
Legal professionals are in need of templates more than any other industry. Our trustworthy legal templates are all drafted and screened by legal professionals that have experience in special law-related fields and are actively involved in legal issues around the topic. This Relocation Agreement template covers the most important subjects and will help you to structure and communicate in a professional and legal way with those involved.
Download this professional legal Relocation Agreement template now and save yourself time, efforts in order to arrange a smooth transfer. Just make sure that repayment must be made on or before the last day of employment with the Company.
The percentage of relocation expense benefits to be repaid is based on the number of calendar days employed (i.e., number of continuous days on employed status, not number of days physically present for work), according to the following table: Days Employed Day 0 – 365 Day 366 – 485 Day 486 – 605 Day 606 – 730 Reimbursement 100 75 50 25 If it is found that the Employee obtained employment fraudulently (e.g., under falsified credentials), the Employee agrees to repay the University 100 of relocation costs previously paid by the University regardless of the number of days employed..
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