Settlement Agreement · Real Estate Goldmine (free)

Settlement Agreement

Attached below is the settlement agreement I entered in with a city in Nashua New Hampshire.

Although I was issued a building permit in April, the neighbors complained and appealed it. From there, the ZBA wrongly discriminated against us and revoked our permit due a “zoning violation”.

Although it took months and months to solve, they have signed a settlement offer and I’m being rewarded 40,000 dollars.

I’m not profiting off this settlement. I’m posting this for multiple reasons:

Real estate is hard. This niche isn’t “easy”. Even when you do things the right way, circumstances can pop up. Life isn’t fair. Navigate and move on.
I’m proving that you can win these battles. Fair housing is a real thing and it’s powerful.
When problems arise, consult attorneys immediately. It’s easier that way and you’re taken more seriously. You’ll save money in the long run.
This is a single family home in a tight knit community. The house is great, however, there were signs this could be an issue (homes very close together, quiet neighborhood with no traffic other than neighbors). I suppose I’ve learned to be more thoughtful about placement.
I paid for all of this. It sucked. We’re getting our money back and I’ve earned the trust and respect of the operator and many other operators. I easily could’ve just sold the asset and moved on. I made a promise to make it happen so I’m doing it. I’m not saying you should be emotional and run a business with no thought process or plan. However, we navigated through this professionally and further earned respect in the recovery community.