The community right to bid allows land or buildings to be nominated by the local community for listing as an asset of community value.
An asset can be listed if its principal use furthers (or has recently furthered) the community’s social well-being or social interests and is likely to do so in the future.
If the owner of the land or buildings that are listed wants to sell them, they must contact us and we will notify the community group that nominated the asset.
The community group then has the opportunity to register its interest as a potential bidder to buy the asset. There is a 6 month moratorium period during which, subject to certain exceptions, the owner can only sell the asset if it is to a community interest group.
After the 6 month moratorium period, the owner can sell to whomever they choose.