Valuations for Charities Flashcards
1
Q
What does the Charity Commission require the trustees of a charity to obtain when seeking to buy or sell a property?
A
A Section 119 of the Charities Act 2011 valuation.
2
Q
What opinion does the surveyor have to give?
A
Whether the purchase/sale is in the charity’s best interest.
3
Q
What is the basis of valuation?
A
Market Value or Market Rent
THERE IS A GUIDANCE NOTE
