Land leasing is a process in which a legitimate landowner agrees to allow another person to use his/her land for a given period of time in exchange for land.
Normally, a person, or an entity
leasing land does so for a commercial reason – seeking to use the land in an
activity that will generate profit for him/her.
A lease can go for up to 99 years for
public land or up to a year for agricultural land – the most common among
locals in Uasin Gishu.
If you own land and have proper
documentation for it, you can lease land. The government is also allowed to
lease public land while local authorities can also lease trust land. The maximum term of government leases is 99 years.
What are the
types of land leasing available in Uasin Gishu?
Being
an agricultural county, the most common type of land leasing is for
agricultural purposes. In this type of land leasing, a landowner gives away
his/her land to a person intended to use the land for agricultural purposes.
Note
that leasing does not transfer ownership of the land, it only grants permission
to somebody else to use the land for a given period.
The lease is usually for a period of one year where the person leasing land will be allowed to plant whatever type of crop he/she wants and upon expiry of the agreed period of time, the owner is allowed access to the land.
Land
leasing for agricultural purposes is most common in rural areas and a fee
ranges from as low as Sh10,000 per acre to Sh50,000 annually.
For the
land located near an urban area of a prime place like a road, such land can
also, be leased for business purposes.
Leasing
land for business might be for a longer period than that for agricultural
purposes. However, business leases usually need only a portion of land like a
half an acre or less.
Whether
you are leasing out your land or you are the one being leased the land, always
ensure you have a leasing agreement duly signed by both parties to avoid future
inconveniences.
Do you want
to lease out your land or you are looking for a person willing to lease, for
either agricultural or business purposes? Baoriat Agencies is committed to
helping you. We connect you and walk you through the entire process until a
lease agreement is signed.
To learn more about buying a property in Eldoret,
Call 0721-554937
WhatsApp https://wa.me/0721-554937
Email evekibet@gmail.com or
Visit us at Juma Hajee Building room number 16, Eldoret town
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