25
Mar
Yorkshire-based LCF Law explains how charities can unlock potential legal support for property transactions
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Charities play an indispensable role in supporting society's most vulnerable, yet managing the legal requirements surrounding property transactions can be complex and time-consuming. Harriet Thornton, Head of Real Estate at LCF Law, offers insights on how charities can meet these regulatory challenges efficiently, enabling them to focus on their mission.
The Charities Act requires that trustees ensure all actions related to property dealings are aligned with their charity’s objectives and in its best interests. For many smaller charities lacking in-house legal resources, understanding and meeting these compliance requirements can feel overwhelming. Properly managing these obligations is essential for charities to operate smoothly, avoid legal pitfalls and maximise the potential of their property assets.
Harriet says:
Compliance, though often perceived as restrictive, need not be a barrier.
“Partnering with legal specialists who understand both charity and property law is invaluable. With the right support, charities can navigate property transactions confidently, minimising risks and optimising value.
Navigating property transactions
Charities frequently encounter complex legal requirements when acquiring, leasing or selling property. Each property transaction - whether it involves negotiating leases, managing ownership disputes or handling property left through legacies - requires careful adherence to property law and the Charities Act. Even seemingly straightforward transactions can require detailed attention to valuations, lease agreements and potential liabilities.
Harriet explains:
Understanding valuation needs, liabilities and any legal restrictions tied to a property is critical to avoiding costly missteps.
"Taking a proactive approach with specialised advice can help charities stay compliant while making the most of their property assets.
Specialist support for conflict resolution
Disputes involving property can be particularly disruptive for charities, especially if they involve contested legacies or conflicts with landlords. These issues drain resources and can divert attention from a charity's core purpose. Effective conflict resolution supported by specialist legal advisers is essential to protecting a charity’s reputation and resources.
Property expertise for charities
At LCF Law, our specialist solicitors provide charities with tailored legal support for property transactions, dispute resolution and compliance with the Charities Act. With extensive experience working with charities and flexible pricing options, we can help your charity navigate property compliance with confidence.
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