How much compensation is fair and for how long?

by Susan
(Glen Allen, VA)

Verizon wants to put cell equipment on top of a power pole recently removed, enlarged and relocated on my property. They are offering a one-time payment of $1000 for 25 years. How do I know this is fair? I was not compensated for the removal, replacement, relocation of the existing power pole which when done, caused a sewer back up in my home due to the fact they hit the sewer line while digging for the new pole. I lost personal property and my family was displaced for two days during the cleanup. It cost me $10K. What is the going rate for something like this?

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Jan 05, 2017
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by: Stephen

Susan that is a horrible deal. First of all whatever is negotiated you need to be made whole for your trouble and they need to pay that amount of a minimum of $10K in a signing bonus. If your property is being used they they need to have a lease. Not a one payment of next to nothing. I'd like to take a closer look at exactly what they are proposing here and get more details.

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