relocation expenses

Relocation expenses are costs incurred when a person or a company moves to a new location for work or personal reasons. These can include moving costs, such as hiring a moving company, transportation expenses, temporary housing, and the costs of settling into a new home. In the context of employment, companies may cover some or all of these expenses to facilitate an employee's move, making it easier for them to take a new position. Understanding and budgeting for these expenses is important when considering a relocation, whether for work or personal circumstances.