Relocation assistance for atypical owner-occupants
BY LISA BARNES, SR/WA, R/W-RAC
For projects requiring residential relocation, the subject of replacement housing payments can be complex, especially when multiple people own partial interests in the home.
Qualifying as an Owner
We often think of an owner as the person who holds exclusive fee simple title
to a property the agency needs to acquire. The federal regulations, however,
broadly define the owner of a dwelling to include a person who holds “other”
interests in real property, such as a life estate, a land contract or a long-term
lease. Even a person with a partial ownership interest may qualify as an
owner. How does this definition impact an agency’s relocation program?