Page 72 - Demo
P. 72

O O O
O
O
O O
Is there a need for a rolling programme of work that is of a periodic nature such as external and internal painting and decorating?
Are the properties occupied by the institute currently suitable for future needs given the increasing age pro le of members?
Will major modi cations be needed to facilitate the needs of increasingly older occupants? For example, new specialist furniture such as orthopaedic beds, chairs, specialist baths, stair-lifts, other lifting equipment, etc.?
Where property is to be purchased, have legal advisers and property advisers been appointed and briefed to ensure that all appropriate searches, surveys etc. are carried out? Have their fees been budgeted for?
Will new purchases or major property work require planning permission? Will this be obtainable with ease or does lengthy preparatory work need to be undertaken including detailed discussions with planners and local councils?
Will new property purchases lead to the need to purchase signi cant amounts of new furniture and  ttings?
Will any properties be sold in the next few years? The likelihood that such properties will be able to be sold quickly and with
relative ease should be considered. For example, are the properties registered with the land registry or subject to restrictive covenants? If so, then perhaps now is the time to be talking to legal advisers about the possibility of getting them removed. The proceeds from the sale of an institutional type property are likely to be higher if the property can be developed – what is the likely attitude of the local planning authority, and of neighbours(!), to any application likely to be?
If houses are to be sold, will this necessitate moving members to other houses? Is this feasible? How will it be received by the members involved?
Will it be easy to sell properties that have been closed or will there be a period when such properties will need to be secured and certain expenses will have to be paid? How much will these total? Should the property be rented out for a short period while issues are resolved or leave it empty?
Where sales are contemplated have professional advisers been Chapter 4
O O
O
68


































































































   70   71   72   73   74