Rejection of Buyback Offer – xx Southcourt Close, Rustington, BN16 xxx

August 11, 2024 Director of Environment & Communities (Officer) Approved View on council website
Full council record
Content

Approval granted for Legal Services to serve
notice under Regulation 7 of the Housing (Right of First Refusal)
(England) Regulations 2005, formally rejecting the offer made by
the executor of the estate of xxx for Arun District Council to buy
back the property.

Reasons for the decision

Following consideration, the Council has
determined that it does not wish to exercise its right of first
refusal to repurchase the property.

This decision reflects current strategic priorities and financial
considerations within the Housing Revenue Account.

Alternative options considered

The option to accept the buyback offer was
considered but rejected based on the Council’s assessment of
housing needs, asset strategy, and budgetary constraints.

Details

OutcomeRecommendations Approved
Decision date11 Aug 2024