This guidebook is designed to assist local governments on making initial steps for improving management of municipal land and build-up property, within a better-governance and better-practice framework. While this edition reflects some specifics of municipal land and asset management in Central and Eastern Europe and other former centrally-planned economies, it contains main elements that can be useful for local governments elsewhere. The guidebook covers 14 different activities, from how to get organized for a systematic effort to improve asset management, to issues of land and property inventorying, land management, financial analysis of properties and portfolios, and comprehensive asset planning.