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Community Right to Bid - Bids
Making a bid
If the owner wants to sell a listed asset, they must tell the Council. We will inform the nominator and publicise this on our website.
If an eligible group wants to make a bid to buy the asset, they must inform us within six weeks of us telling them that the property is available to purchase. Not all groups mentioned under ‘how to make a nomination' are eligible to place a bid. Unincorporated groups cannot bid as they are unable to legally own property.
- If no eligible group expresses an interest in bidding for the asset within a six week period, then the owner can proceed to sell it.
- If an eligible group does express an interest in making a bid there will be a six month moratorium period to give them a chance to raise the money. The moratorium period starts when the owner advises us of their intention to sell.
Can we as a group negotiate with the property owner?
Yes. At any point before the end of the six months the eligible group(s) may enter into negotiations with the property owner providing the owner is willing to do this. We ask that we are kept informed of developments.
If we get a succesful bid together, does the owner have to sell the asset to us?
At the end of the moratorium period, if a group has successfully put a bid together, the owner will have the option to either accept the bid or sell the property freely on the open market.
For more information about assets of community value/community right to bid, please visit the Community Rights website.
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