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Community right to bid – assets of community value
Local voluntary and community groups have the right to nominate certain local publicly or privately owned buildings as assets of community value.
If we accept that such buildings or land furthers the social well-being or social interest of the community and will continue to do so, we will then include them on a local list of assets of community value.
We will make our decision within 8 weeks of accepting a completed and valid nomination form.
To find out more about the community right to bid, please read the information note:
Nominate a building or land
Please read the guidance notes before you complete the nomination form.
Please submit the form, together with any supporting documents to: email@example.com or post to:
Strategic Property Services attn: Karon West-Clarke or Jackie Ruaux
4th Floor North
Hackney Service Centre
What happens next?
When an owner wishes to sell a listed asset the Council will need to be notified. We will inform the group which originally nominated the asset and publicise the owner’s intention to sell.
Notice of intention to dispose under Section 95(2) of the Localism Act 2012
The owner of the land which appears on our asset of community list must not enter into a relevant disposal of the land without first notifying the Council. A relevant disposal is the sale of the freehold land with vacant possession or grant or assignment of a lease with vacant possession that was originally granted for 25 years or more.
We require that a notice of disposal, whether sent by letter or email, must be clearly headed: “Assets of community value: Notice of intention to dispose under Section 95(2)” and must clearly identify the land / buildings concerned. Failure to notify us will make the relevant disposal ineffective.
Notice of intention to bid
If a local group wishes to buy the property it then has to formally notify the Council of its intention within 6 weeks. The sale of the property is then delayed by up to 6 months to give the group an opportunity to raise funding and conclude the purchase of the property.
The owner will be free to sell the property if a group does not formally express an intention to buy to us within the 6 week period or if the subsequent purchase is not concluded within 6 months.
Notification of intention to dispose and notification of intention to bid may be made by email or post to the above addresses. All notifications and correspondence regarding assets of community value must be clearly marked ‘Assets of community value’.
The community right to bid does not:
- make any assumption that any listed property will ever be sold
- give local community groups and organisations a first right of refusal
- restrict who the owner should sell the asset to
- determine the price at which the asset can be sold
- place any express restrictions on the owner’s use of the land
- imply that public funding will be provided to purchase the asset
Assets will stay on our list for 5 years.
For more information on disposals and notice of intention to bid please view the assets of community value information note: