The Act – an Overview Part 2 the Community Right to Buy Section 48:  Duties on owner, or creditor, proposing to transfer land
175.Section 48 provides that, where an owner of land, or a creditor in a standard security with a right to sell land, intends to transfer registered land (even where that registered land is only a part of the land which it is proposed to transfer), they are required to inform any community body with a registered interest in that land and Ministers in the manner prescribed by regulations. This activates the community body’s right to buy.