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Assets of Community Value

The Localism Act 2011 gives local voluntary and community groups the right to nominate a building or other land for listing by the local authority as an asset of community value.

Once an asset has been listed the owner cannot dispose of it without letting the authority know. Community groups then have six weeks to decide if they want to bid to buy the property. If so, there is a six month moratorium period during which the owner cannot sell the asset. It is important to note that the owner is not required to sell the asset to the community group.

Hillingdon Council will manage the lists of any successful and unsuccessful nominations.

What is an asset of community value?

Land or buildings are of community value if, in the opinion of the local authority, either:

  • the main use of the land or building furthers the social well-being or social interests of the local community and it is realistic to think that the main use can continue
  • the land or building has been used to further the social well-being or social interests of the local community in the recent past and it is realistic to consider will do so again during the next five years

There are some categories of assets that are excluded from listing:

  • residential property
  • land licensed for use as a residential caravan site (and some types of residential caravan sites which do not need a licence)
  • operational land, such as land used for railways, canals or airports

Who can nominate?

Voluntary and community organisations with a local connection have the right to make community nominations of assets to be included on the list.

How can I make a nomination?

If you are interested in nominating an asset, please complete the nomination form [54kb] and ensure that you read the guidance notes [80kb] before making a nomination. 

Submit your application by either :

For information please contact John Wheatley, Policy Team - tel: 01895 556449 email: jwheatley@hillingdon.gov.uk

What happens next?

Once we have received your nomination form, we will check that the form is complete and that your group is eligible to nominate. If so, the nomination will be entered into the assessment process. We will then have eight weeks to make a judgement about whether the asset meets the definition set out in Section 88 of the Act. The owners and any occupiers of the asset will be notified about the nomination.

Once we have made a decision we will notify the owner and the nominating group and add the asset to our ACV Register or to a list of unsuccessful nominations giving the reasons why the asset has not been listed:

Bidding for an asset of community value

When an owner lets us know that they want to dispose of an asset on the ACV Register, we will:

  • let the nominating group know
  • publicise the owner's intention in the local area
  • amend the ACV Register to show the end dates of the interim and full moratorium periods and the protected period

How can I make a bid?

If a voluntary or community group wants to buy the asset, it has six weeks to let the council know. The group then has six months to put a bid together to buy the site during which time the property cannot be sold.

If you are interested in making an expression of interest/intention to bid for a listed asset that is coming up for sale, please contact us. You will need to get in touch before the interim moratorium end date entered on the Hillingdon Assets of Community Value Register.

What are the owner's rights?

  • We will notify the owner and any occupiers if an asset has been nominated. We will also notify the owner if the nomination has been successful or not and whether the asset has been listed.
  • If the owner objects to their property being placed on the list, they have the right to ask us to review the decision. If the owner remains unsatisfied with our decision about the listing after this internal review they have the right to appeal to an independent tribunal.
  • Owners may claim compensation for loss and expense incurred through the asset being listed. The regulations provide for a claim arising from (for example) a period of delay in entering into a binding agreement to sell which is wholly caused by the interim or full moratorium period or from legal expenses incurred in a successful appeal to the tribunal.
  • Once an asset is listed the owner must let the authority know if they want to dispose of it. Community groups will then be given six weeks to decide if they want to make a bid. If they do, then there will be a six month moratorium period during which the owner cannot sell the asset. It is important to note that the owner does not have to sell the asset to the community group.

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Article utilities:  Bookmark and Share Print Print this page Last updated: 12 Apr 2017 at 08:24