03/02/2021
THE LEGAL ISSUES TO CONSIDER WHEN INVESTING IN LAND.
The 2010 constitution of Kenya allows citizens to acquire land within any county provided that they comply with the following legal procedures of buying and selling land in Kenya.
1.Land identification where the purchaser identifies land that meets their specifications such as location, size and soil type.
2.Search at the land registry.
3.Search at the county offices.
4.Obtaining two land maps.
5.Ground verification.
6.Sale agreement.
7.Land control board clearance.
8.Transfer and procurement of completion documents.
9.Stamping the transfer.
The most important key things to consider when investing in property are:
•One ought to check the validity of the title deed, the zoning of the property and whether the land rates and taxes have been fully paid.
•ascertain if there are any caveats against the property or any other pending disputes on ownership.
•On the aspect of finances, one ought to be sure that they full understand how much they are going to pay back in cases one opts to get a loan or and mortgage.
Remember, like any legitimate business, there exist the very real possibility of getting swindled.
For more guidance on the legal issues to consider when investing in property or land, please contact Waweru Kihara & Co. Advocates via:
Email: [email protected]
