What happens when an asset is listed?
The owner of the property must advise us when they intend to sell the property and we will include details on our published lists and we will inform the nominator. If no community interest group notifies the council within six weeks that it wishes to bid, the owner is free to sell their property as they see fit.
If an eligible community interest group notifies the council within six weeks that it wishes to bid for the property, it will have up to six months in which to prepare its case. However, the owner is under no obligation to sell to any community group and after the six month moratorium has finished, the owner can dispose of the asset to whomever they wish.