Part 10: Letting by Local Authorities of Vacant High-street premises Procedure for letting Section 203: Rental auctions Effect
Subsection (1) sets out the circumstances in which a local authority may arrange a rental auction for the qualifying high-street premises. Subsection (1)(b) prevents the rental auction from being initiated while an appeal remains possible.
	Subsection (2) defines "rental auction".
	Subsections (3) and (5) give the Secretary of State the power to make regulations which provide for the process for the rental auction and how the ‘successful bidder’ at auction will be identified. These matters must be provided for in regulations.
	Subsection (4) requires provision in the regulations for the local authority to specify the suitable high street use ahead of the auction.
	Subsections (6) – (8) set out matters which the Secretary of State may provide for in the regulations in connection with the rental auction.
	Subsection (9) imposes a requirement on local authorities to have regard to representations made by the landlord where there is a choice as to procedure for the carrying out of the rental auction.