PART 5Community empowerment

F1Chapter 2AAssets of community value (England)

Community groups: right to buy

86SNegotiation of price and agreed offer

(1)

This section applies where—

(a)

the owner of land of community value gives notice under section 86M(1), and

(b)

there is a preferred community buyer in relation to the land.

(2)

The relevant local authority must as far as reasonably practicable arrange a joint meeting with the owner of the land and the preferred community buyer.

(3)

The Secretary of State may by regulations make further provision about the meeting including provision about—

(a)

the circumstances in which the meeting may go ahead without either the owner of the land or the preferred community buyer;

(b)

the conduct of the meeting;

(c)

information to be provided at the meeting by the relevant local authority (including information about the process and the periods within which any requirements must be met under this Chapter).

(4)

Section 86T applies if at the end of the negotiation period the preferred community buyer has not offered to buy the relevant estate in land at a price agreed with the owner.

(5)

In this section—

“negotiation period” is the period of eight weeks beginning with the date the notice was given under section 86R(2)(a) or 86R(4);

“relevant estate in land” has the meaning given by section 86M(2).