It has been produced by the Commission for Architecture and the Built Environment and the Asset Transfer Unit, a government-funded support service for asset transfer services. The ATU is run by a group of organisations led by the local umbrella body, the Development Trusts Association.
The guide, called Community-Led Spaces, provides advice on issues to consider, including governance, finance and communications, and has checklists for both local authorities and community groups.
Steve Wyler, director of the DTA, said: "This is a fast-evolving area, which we are keen to promote and support others to understand better.
"With the right knowledge and resources, community groups can safeguard public assets under threat and prevent valued open spaces from entering a spiral of underinvestment and neglect."