Property Acquisitions & Disposals by a Charity.
We can help charities looking to purchase, lease or sell an existing property.
Additional obligations apply to charities.
You can trust us to help you move forward.
Our dedicated team are able to provide specialist advice and assistance throughout a transaction, including advising on the terms set out in the Charities Act 2011. Certain disposals may also require consent by the Charity Commission.
Along with general duties imposed on trustees in respect of their Charity, additional conditions apply when the charity wish to acquire property for the Charity or dispose of existing charity property.
When a Charity wishes to sell or lease out a property, or wish to take a mortgage against a property, they must ensure that they have complied with the provisions of the Charities Act 2011, including the need to obtain advice from a surveyor or financial adviser as and when required.
The Charities Act 2011 also requires certain Statements and Certificates to be included in a conveyance, transfer, or lease document when a charity is buying, selling, or leasing property, which then assures the other party how the land is held or to be held, and in the case of a disposal, assurance that the land is being disposed of legally.
Working With Our Sector Team
Our team of specialist charity lawyers have extensive experience of delivering practical, commercial advice and legal solutions to charities and not for profit organisations to enable them to operate successfully, and effectively meet their beneficiaries’ needs.
- Stuart Rea
If you operate in the Charities and Not-For-Profit sector and need legal advice or would simply like to find out more about how we can help you, please get in touch.
