Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a compulsory purchase order (CPO)?

compulsory purchase
0
Posted

What is a compulsory purchase order (CPO)?

0

This is where the Council takes legal action, which ultimately results in taking over ownership of a property. The Council has to give the owner best market price in compensation and we then seek to make sure the property is improved to a high standard and re-occupied by selling it on to a Registered Social Landlord (RSL). CPOs are not a simple or quick fix. The whole process can take between 2 and 5 years. We have to show that we have tried every other option to get the property back into use, but that those actions have not been successful. We have a national reputation for our CPO enforcement programme and are the lead authority in the East London sub-region on empty property work. Over 300 CPOs have been agreed by Members in the last 10 years and the overall empty “property” programme is currently numbering some 800-900 cases. Many properties have been brought back into use by owners themselves as we explain options to them. Around 90% of cases do not need us to take final ownershi

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123