How are CLTs governed and how can community control be maintained?
All CLTs are not for profit organisations owning land and property on trust for the benefit of the community. Legal structures used in Britain to date include Companies Limited by Guarantee and Industrial and Provident Societies for Community Benefit. Community Interest Companies have potential in the future. Whatever the organisational or legal form, the essence of the CLT mechanism is capturing the enduring value of the land for present and future generations. Democratic and local accountability is also central. Membership is open to local residents and those wishing to endow land or property for the benefit of the CLT’s defined geographical area. The members elect directors and the governance system should ensure a healthy balance on the board to protect the community’s long-term interests. Where gifters of land (e.g. public authorities or private landlords) have contributed significant assets, their inclusion as a ‘constitutional custodian’ is a desirable feature. How is the land a
