Assets of Community Value

What happens if a landowner wishes to sell an ACV?

• Landowners of ACVs must tell us if they intend to sell the property.
• We will tell the nominating organisation that the landowner wishes to sell.
• If a landowner tells us they intend to sell an ACV, a six week 'interim moratorium' period will be triggered.
• During this six-week period, the landowner cannot sell the ACV and the nominating organisation must state their intention if they want to bid for it.
• If the nominating organisation does not tell us during the 'interim moratorium' period that they wish to buy the ACV, the landowner will be free to sell the asset once the six weeks is over.

If a nominating organisation indicates within the first six weeks that they want to buy the ACV, a full moratorium will be triggered. This period:

• will last six months from the date we were first told of the landowner's intention to sell.
• is designed to help the nominating organisation raise the funds to buy the ACV. During this time the landowner cannot sell the ACV.

The landowner can keep the ACV or sell it to their preferred bidder after this six month period. They are not required at any stage to sell the asset to the nominating organisation.

After the end of the six month period, a protected period starts when there cannot be any more moratoriums. This lasts 18 months from the time that the owner told us they wanted to sell the ACV.