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 surveyor or financial adviser as the case may be.
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.
FBC Manby Bowdler LLP have a dedicated team who are able to provide specialist advice and assistance to a Charity throughout a transaction, including advising on the terms set out in the Charities Act 2011.
Certain disposals may also require consent to be granted by the Charity Commission, our team can also deal with these applications.
If you have an enquiry in relation to the above or simply want to speak to a member of our expert Team for further information and guidance, please use the request a call back or make an enquiry option to get in touch.