Charities Act Valuations
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 associate of the Royal Institution of Chartered Surveyors with experience in 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 disposal
- The current value
- 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.
Why choose Rumball Sedgwick?
Rumball Sedgwick is uniquely placed to offer your charity an unmatched service:
- Established for over 250 years with extensive experience in and around St Albans and Watford
- We have been handling charity property for decades
- We have an ecclesiastical team based in our St Albans office
- Our St Albans office operates an estate agency for residential sales and lettings
- We are RICS Registered Valuers
Rumball Sedgwick will ensure that you comply with the Charities Act and get the best price for your land or property. But it doesn’t end there. Our wider team of surveyors, estate agents, planning advisors and property professionals can help your charity in all your property related matters, from the beginning to the end of any sale, lease, land issue or development.
Call us today on 01727 519140 to discuss your charity’s valuation needs.