How to buy land in Kenya

De~splasher

Once you identify the land it's wise that you look for the land registry so as to conduct a search for the land owner 

2) preparation of offers and price negotiation

Once the buyer is satisfied with the results of the owner of the land . The buyer has to negotiate the price of the land with the seller incase the seller agrees to sell the land

      The buyer has to deposit some amount of money after reading the terms and conditions given by the seller according to what amount should be given as a deposit and there after how long should it take for buyer to complete the payment

The buyer should be aware of such property because the payment of rates on land is a legal obligation of the owner and seller should clear any pending rates on the land before completing the transaction

Transfer documents and consent of transfer           

The seller has to prepare the transfer documents. The transfer documents will only be executed after consent to transfer has been issued by the commissioner of land

The process of determining the value of the land. The payable duty is determined by a government valuer and the valuation is done to determine the true value of the land on the open market as at the date of transfer

It is the responsibility of the buyer to pay for the stamp duty as a tax levied on all lands

Once the registration process is complete the legal ownership of the land shall have legally changed land

This is where the seller gives the buyer the transfer documents only if the buyer is done with paying the land

0 comments