Local communities can now ask us to list certain assets as being of value to the community.
Assets could include local shops, post offices, pubs or land.
If an asset is listed and then comes up for sale, the new right will give communities that want it six months to put together a bid to buy it. This gives communities an increased chance to save much loved shops, pubs or other local facilities.
Parish councils or local community groups can nominate both privately and publicly owned assets which meet the definition of community value.
To nominate an asset of community value, you need to represent at least 21 people who have a local connection to the asset.
Definition of assets community value
A building or land in a local authority's area will be listed as an asset of community value if:
- the current primary use of the asset furthers the social well-being or social interests (cultural, recreational, or sporting interests) of the local community
- the use of the asset in the recent past furthers the social well-being or social interests (cultural, recreational, or sporting interests) of the local community
- it is realistic to think that now or in the next five years there could continue to be primary use of the asset which will further the social well-being or social interests of the local community (whether or not in the same way as before).
What this means for owners of listed assets
Owners of listed assets cannot dispose of them without:
- letting the local authority know that they intend to sell the asset or grant a lease of more than 25 years
- waiting until the end of a six week 'interim moratorium' period if the local authority does not receive a request from a community interest group to be treated as a potential bidder
- waiting until the end of a six month 'full moratorium' period if the local authority does receive a request from a community interest group to be treated as a potential bidder.
The owner does not have to sell the asset to the community group.
There is also a 'protected period' (18 months from the time that the owner notified the local authority of their intention to dispose of the asset) - during this time there can be no further moratoriums.
Please see the The Assets of Community Value (England) Regulations 2012 published by the government. It provides detailed information on:
- The bodies that can make nominations (such as local parish councils)
- Land that is exempt from being listed (such as premises which are primarily residential)
- The steps that Waverley Borough Council has to take when considering to list land as an asset of community value and upon listing that land (including notifying relevant parties)
- Arrangements for owners to make appeals on decisions to list or award compensation on any losses incurred as a result of being listed (including internal reviews and external tribunals)
- Exemptions to the six month moratorium being applied when land is put up for sale or long term lease.
A decision will be made within eight weeks of the receipt of nomination on whether to list the asset.
The asset will then be placed on a list of successful or unsuccessful nominations on this page. We will also show the list of nominations currently being considered.
Nominate an asset of community value
See assets of community value
Download the current List of assets of community value.
This list includes all pending and currently listed assets, and all unsuccessful nominations and notices of intention to dispose in relation to an asset (last updated 5 April 2017).
Who to contact
Please email email@example.com if you have any queries.
Find out more on the My Community Rights website
Page owner: Henry Ascoli. Last updated: 06/06/2019 14:11