Community Right To Bid
Under the Localism Act, voluntary and community organisations can nominate an asset to be included on a list of ‘assets of community value’. This list is managed by the local authority.
If a land/property owner wants to sell a registered property, they must tell the District Council. If a group wants to buy the asset, they can trigger a 6 months moratorium.
The moratorium period gives community groups some time to develop a proposal and raise the required capital to bid for the property when it comes on to the open market at the end of the moratorium period. Community groups do not have an automatic right to buy the property or land; they must compete with other parties and the land/property owner can still sell at the market rate.
Bassetlaw’s list of assets of community value
Bassetlaw’s list of assets of community value will appear here once we have assessed the first nominations.
What counts as an ‘asset of community value’?
A building or land in any ownership (including the local authority and the Crown) may be considered an asset of community value if its current principal (non-ancillary) use or recent use has been to further the social well-being or social interests of the local community and is likely to do so in the future.
Residential property cannot be treated as an asset of community value and certain types of land e.g. land licensed/some non-licensed sites for use as a residential caravan site and operational land of statutory undertakers (transport and utilities).
Who can nominate an asset?
- Parish Councils
- Community interest groups with a local connection
- An unincorporated group whose members include at least 21 members on a local electoral register and whose activities are concerned with the area in which they are nominating or an adjoining area
- A neighbourhood forum (as constituted under section 61F of the Town and Country Planning Act and the Localism Act 2011) can nominate an asset from their own area
- A neighbouring Parish Council
Please note that only organisations can make nominations – not individuals.
How to get an asset on the list
- Provide relevant supporting information and send this to the District Council at firstname.lastname@example.org.
- If the local authority agrees that the asset does have community value, and it is in their local area, then it will add that asset to the ‘assets of community value’ list.
- If the nomination is unsuccessful the local authority must notify the nominee in writing and provide an explanation as to why the nomination was unsuccessful.
- The local authority must notify the landowner, the occupier and the community nominee of any inclusion or removal of an asset to the list.
- A landowner can ask the local authority to review the inclusion of the asset from the list and there will be a process for an appeal to an independent body.
- The local authority must also maintain a list of ‘land nominated by an unsuccessful community nomination’.
- If land is included in the list of assets of community value it will remain on that list for five years.
Please read the Guidance Notes before making a nomination.
Further information on support and funding is available at My Community Rights.
List of assets of community value
The List of Assets of Community Value shows the current successful and unsuccessful nominations:
- Successful Nominations 2018
- Successful Nominations 2017
- Successful Nominations 2016
- Successful Nominations 2015
- Successful Nominations 2014
- Successful Nominations 2013