Negotiated Transfer

Negotiated Lease or Sale

If both the owner, whether a public authority or private owner, and the community transfer body agree to negotiate out with the provisions of the act, and there is trust on both sides, then and Asset Transfer can take place without employing the asset transfer process as defined in the Act..  This is similar to the disposal of surplus assets process undertaken by Local Authorities through the Disposal of Surplus Assets Regulations 2010. 

It should be noted that this process does not provide community transfer bodies with the rights conferred by the Act, including the rights of appeal