Get the free Community Right to Bid Nomination Form Assets of Community ...

ASSETS OF COMMUNITY VALUE NOMINATION FORM AND GUIDANCE NOTESINTRODUCTION These Guidance Notes should be read before completing the attached Nomination Form. SECTION 1 NOMINATING Organization DETAILS

How to fill out community right to bid

How to fill out community right to bid

1. Determine if your community is eligible for the Community Right to Bid. This right applies to eligible voluntary or community bodies, such as charities, community interest companies, or town and parish councils.
2. Identify the property or land that you are interested in bidding for. This can be any land or building within your community that is listed as an Asset of Community Value (ACV).
3. Contact the local authority responsible for maintaining the list of ACVs in your area. They can provide you with the necessary forms and guidance on how to fill them out.
4. Fill out the Community Right to Bid nomination form. This form will require you to provide details about the property or land, the reasons for your community's interest in bidding, and information about your community group.
5. Submit the completed form to the local authority within the specified timeframe. Make sure to include any supporting documents or evidence that may strengthen your case for why your community should have the right to bid on the property or land.
6. The local authority will review your nomination and determine if it meets the necessary criteria. If approved, the property or land will be added to the list of Assets of Community Value, triggering a moratorium period during which the community can prepare a bid.
7. During the moratorium period, your community group can begin fundraising or seeking financial support to prepare a bid for the property or land.
8. Once the moratorium period expires, your community group can formally submit a bid to purchase the property or land. The owner of the asset must consider your bid and negotiate in good faith.
9. If your bid is successful, your community group will proceed with the purchase, subject to any necessary legal processes and financing arrangements. If not successful, the owner can sell the asset to another buyer, but your community group may still have the right to be informed of the sale.
10. It is important to follow any additional steps or requirements set out by your local authority or relevant legislation in order to successfully exercise the Community Right to Bid.

Who needs community right to bid?

1. The Community Right to Bid is relevant for any community group or organization that wishes to take control of and manage assets that are important to the local community.
2. This could include charities, community interest companies, town and parish councils, or any other voluntary or community body.
3. The right is particularly helpful for communities that want to preserve and enhance local amenities, such as community centers, libraries, parks, or historic buildings.
4. It gives communities the opportunity to have a say in the future use and ownership of assets that hold significant value to their local area, ensuring they are not lost to private development or neglect.

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What is community right to bid?

Community right to bid is a legal tool that gives communities in England the right to nominate buildings or land for listing as an asset of community value.

Who is required to file community right to bid?

Any eligible community group or organisation can file a community right to bid.

How to fill out community right to bid?

To fill out a community right to bid, the group must complete the necessary forms and submit them to the local council.

What is the purpose of community right to bid?

The purpose of community right to bid is to give communities the opportunity to protect and take control of assets that are important to them.

What information must be reported on community right to bid?

The information required for a community right to bid includes details about the asset, its value, and the reasons why it is important to the community.