Community Right to Bid
Part 5 Chapter 3 of the Localism Act 2011 deals with the setting up of lists of assets of community value and sets out the nomination process for Community Right to Bid.
The Assets of Community Value (England) Regulations 2012 came into force on 21 September 2012 bringing the Act into effect.
Their purpose is to give community groups a right to nominate property that is believed to further the social interests or social wellbeing of the local community,and gives them time to make a bid to buy the property on the open market if the property owner decides to sell.
Only eligible community groups, local parish councils or local neighbourhood planning forums and charities can nominate properties.
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Page last updated: 22 January 2018