Community right to bid
The community right to bid aims to keep valued land and buildings in community use by giving local people the chance to bid to buy them, if and when they come onto the market.
The right puts various restrictions on the sale of an asset, which will allow community groups time to put together a bid.
How to make a nomination
Any locally connected voluntary or community group may nominate assets for inclusion on the list. Unincorporated groups of at least 21 local people can also make nominations.
To consider an asset for inclusion on the list, we will need:
- details of your community group
- the address of the property under consideration
- details of the owner(s), current occupants and site boundaries
- a brief summary of why you think the asset should be listed
Please complete our online form if you would like to nominate an asset for inclusion on the list.
Provided that your community group is eligible and that the asset fits the criteria laid out in the legislation, it will be listed as an Asset of Community Value.
You can submit your nomination using our online form.
Bidding for an Asset of Community Value
If a listed asset comes up for sale, the owner must inform us. We must in turn inform the group that nominated the asset.
If a local community group intends to bid to buy the asset, they will then have six weeks to notify us.
Once notified, and subject to the terms of the regulations, we will enforce a six month moratorium period during which the owner will be restricted from selling the asset to anybody other than a local voluntary or community body.
Exemptions
There are some categories of asset that are excluded from listing as Assets of Community Value.
These are:
- residential property
- land licensed for use as a residential caravan site
- operational land of statutory undertakers