Selling a a Nominated Asset

The owner of a listed Asset of Community Value is required to notify the Council in writing when they wish to dispose of it.

The Council will notify the group which originally nominated the asset for inclusion on the list.
The Council will also be required to publicise to the wider community that it has received notice of the intended disposal of a listed asset.
A community interest group; either the Parish Council/ meeting or one of the groups listed in categories A-G in the list given at point 2 above and having a local connection to the land must advice the council in writing that they intend to make a bid for the asset.
This must be done within 6 weeks from the notification to the community of the owner's intention to sell.
If such a request is received the owner must comply with a 6 month moratorium period to give the community interest group the time to submit a bid. The owner cannot dispose of the land other than to the community interest group that has expressed an interest during this 6 month moratorium period.
At the end of the 6 month moratorium period the owner is able to dispose of the asset as they choose with no obligation to sell to the community interest group.
Following the 6 month moratorium period the owner is then protected for an 18 month period (from the date of their notification to dispose) against any additional notifications from a community interest group to make a bid for the asset.

Exemptions

Some disposals are exempt and can take place unimpeded by the community right to bid. Some examples are:

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