Buying land in Kenya can be a rewarding investment if you have the right information and guidance. This page outlines the key steps to the land buying process in Kenya, providing crucial information for investors like you.
Buying land in Kenya can be a rewarding investment if you have the right information and guidance. This page outlines the key steps to the land buying process in Kenya, providing crucial information for investors like you.
This starts by identifying your specific need, budget and area you are interested in. It is important to narrow your search based on your requirements and goals for investment.
Conduct a thorough search of the land’s title deed at the Land Registry. This is to confirm ownership, size and check if there are any encumbrances on the land. It is important to seek advice from a qualified lawyer.
Once you are satisfied with the property you can now provide an offer to the seller. It is important to come to a mutual agreement of price, payment terms and closing dates.
After a successful negotiation, the next step is to draw up a sale agreement. This should be done by a qualified lawyer and it outlines all the key terms of the purchase.
A deposit as agreed upon in the sale agreement is paid, to show your commitment to the purchase. The money should be paid to an escrow account until the transaction is completed.
For land transactions in agricultural areas you must get consent from the Land Control Board. This is a requirement to transfer the land.
The final payment is made upon completion of all the necessary searches and consents, and the title is transferred to the buyer. It is important to file all necessary documents at the Land Registry to complete the transfer.
Ensure that after transfer you update the ownership with other relevant authorities. For instance, paying all land rates, taxes and keeping records of all documentation.
As an investor, it's important to be aware of the following key considerations:
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