What trustees need to consider when acquiring land, whether for the charity’s own use or as an investment.
Charities can buy land or property for their own use or even as an investment. Before trustees buy land or property they must make sure:
- the property suits the charity’s needs
- the price is fair and of market value
- they understand the legal obligations, such as planning restrictions
This guidance gives general advice to charity trustees who are thinking of acquiring land, and explains whether consent from the Charity Commission is required for any land transactions.