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GLOSSARY

Assets of Community Value definition

/ˈasɛt/ /ɒv,(ə)v/ /kəˈmjuːnɪti/ /ˈvaljuː/

Published by a LexisNexis Planning expert

What does Assets of Community Value mean?

Local community groups can nominate buildings/land for listing as ACVs. When ACVs come up for sale or change ownership, a moratorium on the sale of up to six months can be invoked, giving local groups an opportunity to bid to buy the asset on the open market.

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The community right to bid and assets of community value—compensation

The community right to bid and assets of community value—compensation What is the community right to bid? The community right to bid was introduced by sections 87–108 of the Localism Act 2011 (LA 2011) to enable local community groups to nominate buildings or land for listing by the local authority as assets of community value. When buildings or land listed as assets of community value come up for sale or change ownership, a moratorium on the sale of up to six months can be invoked, providing local community groups with an opportunity to bid to buy the asset on the open market. Importantly, there is no right for the community to buy the asset; nor is there a right of first refusal on a sale. Instead, the community is simply entitled to bid for the asset (and is given time, during the moratorium, to prepare a proposal for the asset). The owner of the asset can choose freely who to sell the asset to and for...

The community right to bid and assets of community value—bidding and managing assets

The community right to bid and assets of community value—bidding and managing assets What is the community right to bid? The community right to bid was introduced by sections 87–108 of the Localism Act 2011 (LA 2011) to enable local community groups to nominate buildings or land for listing by the local authority as assets of community value. When buildings or land listed as assets of community value come up for sale or change ownership, a moratorium on the sale of up to six months can be invoked, providing local community groups with an opportunity to bid to buy the asset on the open market. Importantly, there is no right for the community to buy the asset; nor is there a right of first refusal on a sale. Instead, the community is simply entitled to bid for the asset (and is given time, during the moratorium, to prepare a proposal for the asset). The owner of the asset can chose freely who to sell the asset...

Discover our 5 Practice Notes on Assets of Community Value

If a local authority intends to grant a lease of an Asset of Community Value for a term of 15 years, is this disposal a 'relevant disposal'? Is it caught by the Assets of Community Value regime? Does the authority have any notification responsibilities?

If a local authority intends to grant a lease of an Asset of Community Value for a term of 15 years, is this disposal a 'relevant disposal'? Is it caught by the Assets of Community Value regime? Does the authority have any notification responsibilities? Part 5 of the Localism Act 2011 (LA 2011) enacted various provisions relating to community empowerment. This included by chapter 3 a requirement that a local authority maintains a list of land in its area that is land of community value (LA 2011, s 87). Such land is a building or other land in the local authority’s area which, in its opinion, the actual current use of that land furthers the social wellbeing or social interests of the local community, and it is realistic to think that there can continue to be non-ancillary use which will so further those interests; or it was such in the recent past and it is realistic to think that within the next five years there could be again. By LA...

Will a contract entered into on a conditional basis within the moratorium period imposed by the rules regulating assets of community value under the Localism Act 2011 (LA 2011) be permitted?

Will a contract entered into on a conditional basis within the moratorium period imposed by the rules regulating assets of community value under the Localism Act 2011 (LA 2011) be permitted? A person who owns land included in a local authority's list of assets of community value must not ‘enter into a relevant disposal of the land’, unless the conditions in the LA 2011, s 95 are met, put simply: • that the local authority has been notified of the proposed sale. • that six weeks from that notification have expired without a written request having been made by a community interest group to be treated as a potential bidder. If such a request is made, six months from the owner’s notification to the local authority must have expired. If no written request is received by the local authority within the interim six week moratorium period, the landowner is free to make the relevant disposal within the period of eighteen months running from the notification date. If...

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Property weekly highlights—17 July 2025

This week's edition of Property weekly highlights includes: a new English Devolution and Community Empowerment Bill which includes measures banning upwards-only rent review clauses in business tenancies, a Law Commission consultation on chancel repair liability and registration reform, the government’s response to its consultation on permitted insurance fees for landlords and freeholders and cases on interference with rights of light, valuation negligence (the underlying claim relating to an option agreement), town or village greens and residential tenancy deposits.

Local Government weekly highlights—17 July 2025

This week's edition of Local Government weekly highlights includes: case analysis of Capital Housing v Ealing LBC on landlord overpayment and recovery of housing benefit; Mitterhuber v Hernandez, in which the Upper Tribunal set aside the making of a rent repayment order concerning an HMO; and Bunyan (VO) v Fridays Ltd, in which the court considered whether a free-range egg producer could take advantage of the agricultural exemption from business rates. Case reports include Adriatic Land 5 Ltd v Long Leaseholders at Hippersley Point Court, in which the court considered whether BSA 2022 prevented the appellant from recovering service charges concerning liability for safety defects under qualifying leases. It also includes coverage of updated social housing guidance in relation to lifting local connection tests for vulnerable groups, updated guidance on procurement oversight, paused Grenfell supplier debarment investigations on CPS advice, guidance on the English Devolution and Community Empowerment Bill and updated RSHE guidance following consultation. It includes further coverage of Social housing, Public procurement, Governance, Coronavirus (COVID-19), Education, Children’s social...

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