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Download The Property Handbook - Presbyterian Church of ...

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PAGE ›› 15<br />

THE PROPERTY HANDBOOK<br />

CHECKLIST FOR ROUTINE<br />

PROPERTY PURCHASES<br />

Note: Keep copies <strong>of</strong> everything for your parish records<br />

p Approval ‘in principle’ by church council.<br />

p Agreement ‘in principle’ by congregation.<br />

p Working party authorised to proceed.<br />

p Congregation mission plan prepared, together with statements relating property<br />

purchase to the mission.<br />

p Application prepared for presbytery/UDC and <strong>Church</strong> <strong>Property</strong> Trustees.<br />

p Criteria checklist prepared, against which to measure potential properties. (This<br />

section <strong>of</strong> the handbook has suggestions. Add to this any other factors special to<br />

your situation.)<br />

p Will you need to borrow money? If so, congregation, presbytery/UDC and the<br />

Trustees all need to give formal approval.<br />

p Engage a registered valuer to provide a market value report on your preferred<br />

property.<br />

p If your preferred property is for sale by tender, be prepared to act quickly to meet<br />

tender deadline.<br />

p Negotiate and settle purchase price.<br />

p Unless you already have confirmed approval from the Trustees, enter into a<br />

conditional agreement for sale and purchase, in consultation with parish solicitor<br />

(see specifications in this section).<br />

p Alert the <strong>Church</strong> <strong>Property</strong> Trustees.<br />

p Unless a small group has delegated authority (preferable), you may need to place a<br />

proposal before congregation, to gain final approval. Ensure the details are recorded<br />

at each stage.<br />

p If not already done, complete an ‘application to purchase’ form (request a printed<br />

or emailed copy from the Trustees’ <strong>of</strong>fice), and forward it together with all other<br />

required documents to the presbytery/UDC. (Presbytery will complete its section<br />

and forward everything to the <strong>Church</strong> <strong>Property</strong> Trustees.)<br />

p Before settlement day, remember to ask the PCANZ insurance administrator to add<br />

the new property to your parish’s property schedule.

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