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Charities play an integral role in supporting the most vulnerable in society, but managing the legal requirements surrounding real estate transactions can be complicated and time-consuming. Harriet Thornton, head of real estate at LCF Law, provides insight into how charities can efficiently meet these regulatory challenges, allowing them to focus on their mission.
The Charity Act requires the trustee to ensure that all actions related to the property transaction are in line with the purpose and best interests of the charity. For many small charities that lack internal legal resources, understanding and meeting these compliance requirements can be overwhelming. Proper management of these obligations is essential for the charity to operate smoothly, avoid legal pitfalls, and maximize the potential of property assets.
Harriet says:
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