https://libraries.communityknowledgehub.org.uk/taxonomy/term/4/0 This section deals with the things related to taking a stake in an asset. This activity only takes place when the credibility of the project and the community organisation leading it has been secured. In this section we are referring to primarily to buildings when we talk about assets. Both community organisations and Local Authorities involved in library transfers need to consider the most appropriate terms for transferring an interest in the asset. Choose a topic within this category from the above menu to learn more about a specific area. Key Governance Issues to Consider This is the point at which the organisation commits to make a major commitment. While you may be still able to stop the process later on, this will be at very considerable cost. This is the deep end! Good governance up to this point means you will have had detailed information and full understanding of options and risks at all stages so far. Will you get the level of control over the asset that you need? Will you be able to use the asset as security for further finance if you need to? Actions Even if you are building your own asset with debt finance, bankers can place restrictions on the tenancies that you can offer and rental levels that you can charge. Leases will have terms and conditions and may place restrictive covenants. The extent to which you can use the asset to benefit the community in the way you want will depend on the detailed nature of the agreement that you sign and on the financing and loan agreements that you commit to. Take professional advice from a lawyer who is an expert in property. Knowledgeable comment from a board member who may be a solicitor is not enough. If you have a legally qualified board member get him or her to lead and drive the process. If there is grant input pay particular attention to the issue of clawback and charges and the duration for which these may apply.   en https://libraries.communityknowledgehub.org.uk/question/funding-community-libraries <div class="question-teaser"> <div class="picture"><a href="/member/graham-winckles" title="Graham Winckles"><img src="https://libraries.communityknowledgehub.org.uk/sites/default/files/imagecache/thumbnail/img_0884_-_copy.jpg" alt="" title="" width="71" height="106" class="imagecache imagecache-thumbnail"/></a></div> <div class="details"> <h2><a href="/question/funding-community-libraries" title="Funding for community libraries ">Funding for community libraries </a></h2> <div class="text"><p><p>Our local Council intends to invite tenders to lease a former Carnegie Library (Grade II Listed) on a 24 year full ...</p></div> </div><!-- ./details --> </div><!-- ./question-teaser --><p><a href="https://libraries.communityknowledgehub.org.uk/question/funding-community-libraries" target="_blank">read more</a></p> Securing Finance 5. Asset Ownership & Management Agreements Thu, 03 Jul 2014 16:44:19 +0000 Graham Winckles 1171 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/question/can-local-authorities-transfer-library-buildings-community-organisations-free-charge <div class="question-teaser"> <div class="picture"><a href="/member/anton-schultz" title="Anton Schultz"><img src="https://libraries.communityknowledgehub.org.uk/sites/default/files/imagecache/thumbnail/166612_146782125378999_100001416362071_277051_2247018_n.jpg" alt="" title="" width="71" height="107" class="imagecache imagecache-thumbnail"/></a></div> <div class="details"> <h2><a href="/question/can-local-authorities-transfer-library-buildings-community-organisations-free-charge" title="Can local authorities transfer library buildings to community organisations free of charge?">Can local authorities transfer library buildings to community organisations free of charge?</a></h2> <div class="text"></div> </div><!-- ./details --> </div><!-- ./question-teaser --> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Fri, 22 Jul 2011 10:09:42 +0000 Anton Schultz 320 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/glossary-common-lease-transaction-jargon <div class="resource-teaser"> <div class="icon"><a href="/resource/glossary-common-lease-transaction-jargon" title="Glossary of Common Lease Transaction Jargon"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/glossary-common-lease-transaction-jargon" title="Glossary of Common Lease Transaction Jargon">Glossary of Common Lease Transaction Jargon</a></h3> <div class="text"><p> Glossary of Common Lease Transaction Jargon.</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:57:19 +0000 Zareefa Khanum 306 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/fact-sheet-%E2%80%93-equality-and-diversity-obligations <div class="resource-teaser"> <div class="icon"><a href="/resource/fact-sheet-–-equality-and-diversity-obligations" title="Fact Sheet – Equality and Diversity Obligations"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/fact-sheet-–-equality-and-diversity-obligations" title="Fact Sheet – Equality and Diversity Obligations">Fact Sheet – Equality and Diversity Obligations</a></h3> <div class="text"><p><p class="rtejustify"> Guidance note on the implications of equality and ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:51:11 +0000 Zareefa Khanum 305 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/joint-working-agreement-explanatory-note <div class="resource-teaser"> <div class="icon"><a href="/resource/joint-working-agreement-explanatory-note" title="Joint working agreement explanatory note"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/joint-working-agreement-explanatory-note" title="Joint working agreement explanatory note">Joint working agreement explanatory note</a></h3> <div class="text"><p><p class="rtejustify"> Explanatory note to accompany the Joint Working ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:46:14 +0000 Zareefa Khanum 304 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/joint-working-agreement <div class="resource-teaser"> <div class="icon"><a href="/resource/joint-working-agreement" title="Joint working agreement"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/joint-working-agreement" title="Joint working agreement">Joint working agreement</a></h3> <div class="text"><p><p class="rtejustify"> The Joint Working Agreement is designed to be used to ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:44:06 +0000 Zareefa Khanum 303 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/guidance-notes-use-model-lease <div class="resource-teaser"> <div class="icon"><a href="/resource/guidance-notes-use-model-lease" title="Guidance notes for use with Model Lease"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/guidance-notes-use-model-lease" title="Guidance notes for use with Model Lease">Guidance notes for use with Model Lease</a></h3> <div class="text"><p><p> Guidance notes for use with the template lease for Community Asset ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:41:08 +0000 Zareefa Khanum 302 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/model-lease <div class="resource-teaser"> <div class="icon"><a href="/resource/model-lease" title="Model Lease"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/model-lease" title="Model Lease">Model Lease</a></h3> <div class="text"><p><p class="rtejustify"> A template lease document for community asset transfers ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:36:01 +0000 Zareefa Khanum 301 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/note-construction-contracts-relation-asset-transfer <div class="resource-teaser"> <div class="icon"><a href="/resource/note-construction-contracts-relation-asset-transfer" title="Note on construction contracts in relation to asset transfer"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/note-construction-contracts-relation-asset-transfer" title="Note on construction contracts in relation to asset transfer">Note on construction contracts in relation to asset transfer</a></h3> <div class="text"><p><p class="rtejustify"> This note is about what third sector organisations ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:27:11 +0000 Zareefa Khanum 300 at https://libraries.communityknowledgehub.org.uk https://libraries.communityknowledgehub.org.uk/resource/note-development-and-procurement-relation-asset-transfer <div class="resource-teaser"> <div class="icon"><a href="/resource/note-development-and-procurement-relation-asset-transfer" title="Note on Development and Procurement in Relation to Asset Transfer"><img src="/sites/all/themes/ckh/images/file-generic.png" alt="Generic Files Icon" /></a></div> <div class="noticon"> <h3><a href="/resource/note-development-and-procurement-relation-asset-transfer" title="Note on Development and Procurement in Relation to Asset Transfer">Note on Development and Procurement in Relation to Asset Transfer</a></h3> <div class="text"><p><p class="rtejustify"> This note is about what third sector organisations ...</p></div> </div> </div> Asset Transfer Legal Toolkit 5. Asset Ownership & Management Agreements Thu, 21 Jul 2011 13:24:37 +0000 Zareefa Khanum 299 at https://libraries.communityknowledgehub.org.uk