Nicholas & Co Surveyors Remain Specialists in Charities Act Valuations

Nicholas & Co Surveyors, with offices in London and Hertfordshire, are renowned for their expertise in providing Charities Act valuation and are a trusted choice for charities and non-profit organisations managing property assets. As mandated by Section 119 of the Charities Act 2011, it is crucial for charities to seek professional guidance and a written report from a Chartered Surveyor before proceeding with the sale of a property asset. This requirement covers land, property, and leases exceeding seven years, ensuring full compliance with the Act's mandates.

A Charities Act valuation, a comprehensive service provided by Nicholas & Co Surveyors, includes initial advice, property inspections, reporting the Market Value at the applicable valuation date, and consultation prior to the valuation to address any concerns. Trustees of a charity intending to sell land or property under Section 36 of the Charities Act 1993 are required to follow regulations, which mandate obtaining and reviewing a written report from a Chartered Surveyor to meet the standards set by the Charities Commission.

This assessment, commonly referred to as a Section 119 report, differs from formal valuations conducted for loan, security, or alternative purposes. Moreover, additional conditions apply if the property undergoes an auction sale or is subject to an overage clause (when a seller, in this instance, a charity, may be contractually obliged to make a payment to whoever they originally bought it from when certain events occur, usually a time deadline.)

Nicholas & Co. Surveyors are trusted partners in handling the complexities of Charities Act valuations. With their invaluable expertise and thorough attention to detail, they protect the interests of charitable organisations and their stakeholders.

Nicholas & Co. Surveyors specialise in property valuations and surveyors across London and the Southeast of England. Their commitment to professionalism, accuracy, and attention to detail guarantees that clients receive quality service and expertise. Their residential valuation services provide a valuable resource for anyone making informed decisions about residential real estate.

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