Cal. Civ. Code § 5:11-3.10
Loss of tangible personal property
Operative Text
(a) A displaced business that is eligible for moving expenses and elects not to move all or a part of the personal property may receive a payment for actual direct loss of the personal property not moved. This payment may be made only upon prior approval of the displacing agency and after a good faith effort has been made by the displacee to sell the personal property involved. (b) The payment for loss of tangible personal property shall be calculated as follows: 1. In the event the item is sold the payment shall be the fair market value less the net sales amount (sales price less cost of sale); 2. In the event the item is not sold the payment shall be the fair market value. The item shall then be the property of the displacing agency. 3. In no event shall the payment exceed the estimated moving cost as determined by the displacing agency.
Under N.J.A.C. § 5:11-3.10, a displaced business that qualifies for moving expense reimbursement but chooses not to move some or all of its personal property may instead receive compensation for the actual direct loss of that property. The payment amount is calculated based on the fair market value of the item, reduced by any net proceeds if the item was sold, and is capped at the estimated cost of moving that item. Prior agency approval and a genuine effort to sell the property are required before any such payment is made.
Plain English — not legal advice.
As a displacing agency or property owner involved in a displacement covered by N.J.A.C. § 5:11-3.10, compliant operators ensure that any business seeking a loss-of-personal-property payment has received prior approval before the payment is issued and has documented a good-faith effort to sell the items in question. Operators also verify that payment calculations correctly reflect fair market value minus net sales proceeds, and that no payment exceeds the estimated moving cost for the property involved. Items that are not sold and for which payment is made become the property of the displacing agency under this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Displaced businesses covered by N.J.A.C. § 5:11-3.10 have the right to seek compensation for personal property they are unable or choose not to relocate, provided they obtain prior agency approval and make a genuine effort to sell the property first. If a payment is denied or calculated incorrectly, affected parties may raise the issue as a dispute with the displacing agency or consult a tenant-rights or business-displacement advocacy organization familiar with New Jersey relocation assistance rules. Reviewing the full framework under N.J.A.C. § 5:11 can help displaced businesses understand the range of relocation benefits potentially available to them.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 3, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.