Working with charities and trustees to value property under the 2011 Charities Act
If you are a registered charity and are planning to dispose of property, the 2011 Charities Act requires that the trustees obtain a written report on the proposed sale or lease from a qualified surveyor. This applies to land, property and leases longer than seven years.
The surveyor must be acting solely for the charity and must be a Fellow or Member of the Royal Institution of Chartered Surveyors (RICS) with experience of similar valuations in that area. When conducting a Charities Act valuation, the surveyor's report needs to cover a number of issues including; the most appropriate method of disposal, whether to carry out works prior to a sale, the current value and how best to advertise the property.
Above all, the surveyor has to recommend how to make optimum use of the property in the best interests of the Charity. It is essential therefore to choose the right surveyor who is experienced in Charities Act valuations when planning the disposal of property or land.
With a team of RICS Qualified surveyors supported by 22 estate agency offices across the West Country, Stags are able to provide a complete service.