Community Land Trust
The following is the official legal definition of a Community Land Trust, as found in the Housing and Regeneration Act 2008, Part 2, Chapter 1, Clause 79:
A Community Land Trust is a corporate body which
1) is established for the express purpose of furthering the social, economic and environmental interests of a local community by acquiring and managing land and other assets in order -
- to provide a benefit to the local community
- to ensure that the assets are not sold or developed except in a manner which the trust’s members think benefits the local community
2) is established under arrangements which are expressly designed to ensure that:
- any profits from its activities will be used to benefit the local community (otherwise than by being paid directly to members)
- individuals who live or work in the specified area have the opportunity to become members of the trust (whether or not others can also become members)
- the members of a trust control it.
More information about land trusts can be found via: www.communitylandtrust.org.uk
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