mzeiya
Elder Lister
A very important thread on Steps To Follow When Buying Land.
1. Ask to see the title deed or copy of the title deed. Then do a search at the ministry of lands to confirm who the real owners are or if the title has any caveat on it. The search will cost you kshs. 520.
2. Do a search with the local authorities to check if there are any unpaid land rates. If any, agree with the seller on who will settle the debt. The land cannot be transferred if there are unpaid land rates.
3. Go to the ministry of lands and buy 2 maps of the area the Land is located. One showing the exact measurements of the piece you are buying called mutation and the other showing the neighbouring lands. Each costs Kshs. 350.
4. With your 2 maps & a surveyor( you can even do it yourself), Visit the land your buying & verify the details on the map. Check out all the beacons.
5. Agree with the seller and bargain the price. Draft a sale agreement. The agreement can be done before a lawyer or you may decide not to involve one. It is not necessary for it to be written by a lawyer.
According to LSK, if the value of the land is below 1 million, you pay the lawyer 3,000 kenya shillings. If it's above 1 million, you pay 8,000 for the agreement.
6. Pay some amount as down payment of the land according to the sale agreement. Do not pay 100 percent. DO NOT, I repeat DO NOT!!!
7. Seek to get approvals from the Land Control Board(LCB), especially in instances where the land is in an agricultural zone. The LCB meets once a month, i will cost you Ksh. 1,000. But there is a special LCB meeting which you can book at 5,000 Ksh.
LCB will issue consent for the sale of land. Do as many searches as you can.
8. With consent from LCB, a recent search (not more than 6 month), Clearance form from county land rates, 2 maps, the agreement, KRA pin, 2 passport & a copy of the title deed, go to the ministry of land to transfer the title. This normally costs Ksh. 5,000.
9. Now you can pay the balance as per the sale agreement. At this stage, you no longer need the seller. You can go & pay the stamp duty according to the value of the land. It's 4% of sale value in municipality & 2% of sale value in reserves.
11. Now the land belongs to you but before any celebration, go to the ministry of lands & physical planning & do a search to confirm if the land is under your name.
REMEMBER, property investment companies are big frauds & cons, most of them colludes with people at the ministry of lands & it will be difficult for you to know if the land is really genuine or not. Just avoid them at all cost. And also, Any off plan investment is a no go zone.
Source
1. Ask to see the title deed or copy of the title deed. Then do a search at the ministry of lands to confirm who the real owners are or if the title has any caveat on it. The search will cost you kshs. 520.
2. Do a search with the local authorities to check if there are any unpaid land rates. If any, agree with the seller on who will settle the debt. The land cannot be transferred if there are unpaid land rates.
3. Go to the ministry of lands and buy 2 maps of the area the Land is located. One showing the exact measurements of the piece you are buying called mutation and the other showing the neighbouring lands. Each costs Kshs. 350.
4. With your 2 maps & a surveyor( you can even do it yourself), Visit the land your buying & verify the details on the map. Check out all the beacons.
5. Agree with the seller and bargain the price. Draft a sale agreement. The agreement can be done before a lawyer or you may decide not to involve one. It is not necessary for it to be written by a lawyer.
According to LSK, if the value of the land is below 1 million, you pay the lawyer 3,000 kenya shillings. If it's above 1 million, you pay 8,000 for the agreement.
6. Pay some amount as down payment of the land according to the sale agreement. Do not pay 100 percent. DO NOT, I repeat DO NOT!!!
7. Seek to get approvals from the Land Control Board(LCB), especially in instances where the land is in an agricultural zone. The LCB meets once a month, i will cost you Ksh. 1,000. But there is a special LCB meeting which you can book at 5,000 Ksh.
LCB will issue consent for the sale of land. Do as many searches as you can.
8. With consent from LCB, a recent search (not more than 6 month), Clearance form from county land rates, 2 maps, the agreement, KRA pin, 2 passport & a copy of the title deed, go to the ministry of land to transfer the title. This normally costs Ksh. 5,000.
9. Now you can pay the balance as per the sale agreement. At this stage, you no longer need the seller. You can go & pay the stamp duty according to the value of the land. It's 4% of sale value in municipality & 2% of sale value in reserves.
11. Now the land belongs to you but before any celebration, go to the ministry of lands & physical planning & do a search to confirm if the land is under your name.
REMEMBER, property investment companies are big frauds & cons, most of them colludes with people at the ministry of lands & it will be difficult for you to know if the land is really genuine or not. Just avoid them at all cost. And also, Any off plan investment is a no go zone.
Source
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