September 15, 2009 by MSI
In the world of relocation, renters can’t help but feel like second class citizens. In most cases, corporate relocation policies favor the home owner based on the notion that renters have lesser needs and a less complicated relocation.
With the resurgence of renters, in many cases former home owners, there is now more than ever a strong need for comprehensive policy benefits for this population. Some of these folks are “serial renters” wanting nothing to do with the burdens and responsibilities of home ownership. Others would love to own a home for the first time or once again, however, economic conditions may have forced them to choose a rental this time around.
Destination area counseling, paid area and rental property tours, along with an adequate lump sum benefit would benefit everyone in the long run. Relocation is one of the most stressful events in someone’s life; why not take some time now to review your company’s renter relocation benefits to ensure that these second class citizens receive a first class move experience? I think that in the long run you will find it is money well spent.
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