Land Sale Agreement Kenya

September 25, 2021

If there are prevailing unpaid prices, you must agree with the seller who will pay them, as the country cannot be sold (transferred) with the unpaid prices of the land. After all payments, the seller signs land transfer forms which, with the agreement of LCB, land search, release by the county council / municipality, passport photos, KRA PIN, agreement and old deed of ownership, are brought to the Ministry of Land to change ownership. It costs Ksh5,000 to edit new titles that should be ready within two weeks. You have to pay stamp duty on the basis of the property value, i.e. 4% for municipalities and 2% for reserves. After a week, the buyer should do another search with the Land Ministry to confirm that the country is now reading its data. Book the Land Control Board (LCB) meeting. The LCB is a forum that consists of Assistant County Commissioners (formerly called DOs) and former local villagers, which meets once a month. They are the ones who give the final agreement to the sale of the country. Your job is to protect the seller from self-destruction, for example. B when a man sells land without the woman`s knowledge and cannot go anywhere else or the country that is sold is a clan/community country. LCB costs Ksh1000.

The agreement is signed when a seller wants to make a private sale, finance the buyer`s purchase or if the transaction is carried out between the members of a family. The contract can be used for all types of sale or purchase of real estate as long as the dwelling was in possession beforehand or is concluded before the end date of the contract. In accordance with the agreement, you can be paid in cash or on instalment payment. Make sure that the deed of ownership and other legal documents are in the custody of the lawyers at the time of the first payment. This is due to the fact that the seller still owns the land and may include other transactions with the deed of ownership that can harm you financially. Consult the municipal council (municipality or county) to confirm any unpaid land prices to be taken into account when deciding on the purchase price. Costs vary from county to county. In Nairobi, you need a Nairobi City County Release Certificate, which costs 7500 Ksh and should normally be ready within two hours. The law requires that all land transactions be in writing. It is highly advisable to have a lawyer (but no must). According to the tariff of the Law Society of Kenya, the lawyer should calculate Ksh3000 if the land costs are Ksh1,000,000 and lower, and Ksh8,000 if the land value is higher than ksh1,000,000.

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