In accordance with the agreement, you can be paid in cash or on instalment payment. Make sure that the deed of ownership and other legal documents are in the custody of the lawyers at the time of the first payment. This is due to the fact that the seller still owns the land and may include other transactions with the deed of ownership that can harm you financially. The contract for the sale of real estate is an agreement that is used to divert the terms of residential real estate activity between a seller and a buyer. It only concerns buildings that have been completed. The agreement is signed when a seller wants to make a private sale, finance the buyer`s purchase or if the transaction is carried out between the members of a family. The contract can be used for all types of sale or purchase of real estate as long as the dwelling was in possession beforehand or is concluded before the end date of the contract. Armed with the map, the surveyor and the salesman visit the country on the ground. Use a tape measure to confirm the size of the map drawn to scale. Make sure you see the tags or replace the lost ones. Surveyors calculate about Ksh1,000 per beacon. Make sure neighboring neighbors agree with the borders.
After all payments, the seller signs land transfer forms which, with the agreement of LCB, land search, release by the county council / municipality, passport photos, KRA PIN, agreement and old deed of ownership, are brought to the Ministry of Land to change ownership. It costs Ksh5,000 to edit new titles that should be ready within two weeks. It is possible to terminate the contract. It is possible if you make a written message to your seller. The agreement provides for a period of time that allows the buyer to terminate it. In addition, state real estate laws can help protect the buyer when necessary. Cancellation fees may be charged by a seller. The amount must be fixed in advance. Book the Land Control Board (LCB) meeting. The LCB is a forum that consists of Assistant County Commissioners (formerly called DOs) and former local villagers, which meets once a month.
They are the ones who give the final agreement to the sale of the country. Your job is to protect the seller from self-destruction, for example.B. if a man sells land without the woman`s knowledge and he cannot go anywhere else or the country that is sold is a clan/community country. LCB costs Ksh1000. Make sure that the seller`s spouse is present at this stage or, at the very least, that the spouse is aware of the transaction and accepts the transaction to avoid any further complications. After a week, the buyer should do another search with the Land Ministry to confirm that the country is now reading its data. However, there is a Land Control Bond (SCLB) that only brings together the Assistant County Commissioner and both parties to the transaction, instead of waiting for the main LCB which meets once a month. SCLB costs Ksh5,000 and can last two hours, subject to the availability of the county assistant commissioner. You have to pay stamp duty on the basis of the land value, i.e. 4% for municipalities and 2% for reserves.. .