Inconjunction with the Ethical Property Foundation
Seminar: Negotiating and Managing Property Leases
Tuesday 3rd October 2017 @ 10am -1.00pm followed by confidential property advice clinic to 3.30pm @ Anthony Collins Solicitors, 134 Edmund Street, Birmingham B3 3UB
Taking on a lease of business premises is a big commitment for a small charity or community organisation and its trustees who could find themselves personally liable. Whether entering into a new lease or taking over existing lease, it is important to understand the main provisions of a commercial lease and to be clear on your obligations going forward.
This means looking critically at what is on offer with respect to its cost and the risk that it presents to the charity. Charity trustees must ensure that the charity gets value for money; that any expected costs can insofar as practicable be estimated; and that any risks are manageable. This is not always easy when negotiating leases, as both the initial negotiations and the final document can be complicated.
This will be an opportunity for participants to identify the most common property issues and risks within a lease; understand how property can better meet the needs of their charitable aims and services, and how to plan for the future and mitigate against financial loss at the end of the lease.
About Charitable Trusts West Midlands
Charitable Trusts West Midlands (CTWM) is a membership association for trusts, foundations and other funders that operate in the West Midlands region. Established in 1975, CTWM’s mission is “to provide a support network for funders in the West Midlands, helping them to work more effectively and increase their impact on people and communities.”