Published: 4th Oct 2012

At a time when money’s too tight to mention for most of us, is there really much value in asking communities to list which local properties they might want to buy? Yet, this is precisely what the new Community Right to Bid encourages local communities to do. And, its value is more than you think. New powers benefit communities now that the ‘right to bid’ provisions contained within the localism act are in force (more on all the rights on the My Community Rights website). They enable communities to nominate ‘assets of community value’ in their local area – land and buildings which provide a social benefit. The local authority is required to formally and publicly list these properties. If one of these properties subsequently comes up for sale, the local community will be able to ask for a ‘moratorium’ – a pause – of up to six months to … (To read the full article, subscribe below)