This paper is aimed at both local authorities and third sector organisations to promote good practice in community asset transfer with a view to making transfer more achievable in practice and more cost effective. Third sector organisations are referred to throughout the guidance as TSO for the sake of consistency.
Successful asset transfers involve a broad set of processes. This guide only deals with the legal aspects. The aim of this legal process map is to set out the legal implications and the necessary documents at each stage of the asset transfer process. In any given transaction, these may not be sequential or precisely as set out here; this is a guide not a prescription.