1. Identify Suitable Land
Begin by selecting a parcel that meets your requirements, considering factors such as location, size, and intended use. Engaging a reputable real estate agency can facilitate this process by providing access to verified listings.
2. Conduct Due Diligence
Before proceeding, perform thorough due diligence to verify the property’s legitimacy:
- Land Search: Obtain a copy of the title deed from the seller and conduct a search at the Ministry of Lands to confirm ownership and check for any encumbrances or disputes.
- Survey Maps: Acquire survey maps from the Survey of Kenya to verify the land’s boundaries and ensure they match the physical location.
- Land Rates Clearance: Ensure all land rates are paid up to date by requesting a clearance certificate from the local county government.
3. Negotiate Terms and Prepare a Sale Agreement
Once satisfied with the due diligence:
- Price Negotiation: Discuss and agree on the purchase price with the seller.
- Sale Agreement: Engage a qualified advocate to draft a sale agreement outlining the terms and conditions, including payment schedules and obligations of both parties.
4. Payment of Deposit
Upon signing the sale agreement, pay the agreed deposit amount, typically held in escrow by the seller’s advocate, pending completion of the transaction.
5. Obtain Consent to Transfer
Apply for consent to transfer from the Land Control Board (LCB) or the relevant authority, a mandatory step for agricultural land transactions, to approve the change of ownership.
6. Valuation and Payment of Stamp Duty
- Valuation: A government valuer assesses the property’s value to determine the stamp duty payable.
- Stamp Duty: As the buyer, remit the stamp duty, calculated as a percentage of the property’s value, to the Kenya Revenue Authority (KRA).
7. Transfer and Registration
- Transfer Documents: The seller’s advocate prepares transfer documents, which both parties sign.
- Registration: Submit the signed transfer documents, along with proof of stamp duty payment, to the Lands Registry for registration. Upon completion, a new title deed is issued in your name, signifying legal ownership.
8. Final Payment and Handover
After registration, settle the remaining balance of the purchase price. The seller then hands over possession of the property, completing the transaction.
Role of Ojjo Property Masters and Ojjo RealEstate App
Ojjo Property Masters is a leading real estate agency operating across East Africa, including Kenya. They specialize in connecting buyers with verified property listings, ensuring a seamless and secure land acquisition process. Their expertise and extensive network make them a valuable partner in your property investment journey.
To further streamline the process, the Ojjo RealEstate App offers a user-friendly platform where you can browse property listings, access detailed information, and connect directly with agents. Available on Google Play, the app provides a convenient way to manage your property search and stay updated on the latest listings.
In conclusion , Acquiring land in Kenya involves a series of meticulous steps to ensure a lawful and secure purchase. Engaging professionals, such as advocates and surveyors, is crucial in navigating the process effectively. By following this guide and leveraging the resources provided by Ojjo Property Masters and the Ojjo RealEstate App, you can confidently undertake land acquisition in Kenya.
For a visual walkthrough of the legal process of buying land in Kenya, you may find the following video helpful:
