Assets of community value

An asset of community value is a legal right under the Localism Act 2011. It gives communities the opportunity to control the assets and facilities that matter to them.

Compensation

If a property is added to the list the owner may be able to claim compensation for loss or expenses incurred as a direct result of complying with the requirements on sale. This is only available to private owners and not public bodies. Claims must be in writing and the responsibility of proving the claim is with the owner.