Disposals by Charities of interests in land including freehold sales, easements and leases for longer than 7 years require Charities to comply with the provisions of Sections 117-121 of the Charities Act 2011.
Charities must obtain a written report that complies with the Charities (Qualified Surveyors' Reports) Regulations 1992. The purpose of the legislation on disposals is to ensure that the decision to dispose of an interest in property by the Charity Trustees is in the best interests of their Charity. Charity Trustees have a legal obligation to obtain the best price available in the circumstances of the disposal.
The surveyor's report will make recommendations with regard to any improvements and alterations that should be carried out prior to marketing, the best method of sale and advice as to the current market value or rental value of the interest. Advice will also address appropriate marketing.
We shall continue to use Symonds & Sampson for any land agency work with our smallholding and appreciate the complete facilities the firm can provide.
Many thanks for providing this helpful information and the informal valuation to our solicitors Ramsdens. I appreciate you doing this so promptly and at such short notice.
Many thanks for your expertise in sorting this compensation package