Can a sale ever be exempt from the moratorium period?
A 'relevant disposal' means the transfer of the freehold or grant or assignment of a qualifying lease, which gives vacant possession of the buildings and other land in question. However some forms of disposal are exempt from the Community Right to Bid process. If you are confident that the transfer you are contemplating will fall into one of the following (or listed) exemptions, you will not need to notify the council of your intention to sell.
The main exemptions are:
- Disposals which are gifts
- Disposals by personal representatives in accordance with the will of the deceased owner
- Disposal to a family member
- Sale of the land, on which a business is carried on, together with the sale of that business as a going concern
- Disposal of land under bankruptcy proceedings
For a full list of exemptions please contact the Community Team.