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Land price venture towns
Land price venture towns










Note that payment of rates is a legal responsibility of every landowner hence you ought to be committed. Make sure that the seller has covered all the land rates and interests before making any transactions. After payment, a rates clearance certificate is issued as proof that all rates have been paid. This is a keynote to have during the land buying process. Land rates are the tax imposed on every parcel of land to the county government. However, you can visit the lands ministry which will take longer to get the maps. You will get tow maps, one drawn to scale and the other one showing the neighbouring lands. You can get the land map from a local surveyor and buy a map of the property. The approval of the sales agreement is followed by payment of the agreed deposit to the seller’s advocate account. The sale agreement is drafted by the seller’s lawyer and presented to the buyers advocate for approval. Upon agreeing on the price, make sure that the sale agreement has the terms and conditions that both parties agreed on. A wise buyer will offer a lower price than the fixed one after the search and inspection of the land. To get the land at a lower price, the negotiations between the two parties must take place. The letter of offers should contain the details of both the buyer and seller, description of the land, proposed land price and the mode of payment. When satisfied with the results of the search and inspection of the title deed, then the seller’s advocate can prepare an offer letter. In Kenya, a land search costs Ksh 520 and takes an average period of 6months. For example, maybe someone had used the land to get a loan or the land has been restricted by the court to be sold. Also, by going to the ministry of land, you will be informed of any issues connected to the land. You will be required to carry title deed of the land to enable the research of the land. Once you have identified the piece of land that you would like to buy, you should then visit the ministry of land headquarters at the county level, to confirm the owner of the land. The following are the procedures that you are supposed to follow:ġ. however, getting a piece of land in Kenya has procedures that you must follow. This is the reason why most people are trying to own lands. The land is also one of the most valuable fixed assets one can have. This is due to the fast-growing towns and industries from every corner of Kenya, leading to the rising of land prices. But do people know the process of land buying in kenya? The land is said to be one of the most promising investments you can venture into in Kenya. It is everyone’s dream to own a piece of land somewhere in Kenya. The legal procedure for buying land in Kenya












Land price venture towns