Skip to main content

3 Main Legal Documents Required For Purchase of Property In Kenya

 

Are you looking to invest in buying a property or land in Kenya, more so in Uasin Gishu? If your answer is yes, take note that there are a number of documents that are usually involved before you can conclusively say that you have successfully acquired that property or land.

Here are the three main documents that are involved in this process, which at times, if you are not careful may end up losing your savings or hard-earned money to fraudsters.

Letter of Offer

This is the very first document that you will come across in the whole process of buying land or property. It is a one-page document which formally expresses your intention as a buyer to purchase the property/land.


A letter of offer outlines terms and conditions for both the seller and buyer in that transaction.

Some of the details contained in the letter include:

-       Name of the seller, buyer, and  lawyer overseeing the transaction

-       Property identification number

-       Payment terms (cash or instalment) and a

-       Slot to fill in next of kin details.

As a buyer, you are required to sign a letter of offer in duplicate - one copy is retained by the seller and the other remains with you (the buyer).

Maybe you could be wondering why a letter of offer important – it helps reduce the possibility of two people buying one property/piece of land.

Sale Agreement

This is a legal contract that binds the buyer and seller to the transaction.

It contains;

-       Identity of buyer and seller

-       Identity and description of the property being sold/bought

-       Purchase price

-       General and special conditions that surround the property in question.

Signing a sale agreement protects both the buyer and seller. Should one party fail to meet the end of their bargain, the other can take legal action to recover lost money or for any damages caused.

Also Read: List of 7 Do’s And Don’ts When Buying Land in Kenya

This document is usually signed in triplet – one copy remains with the buyer, the other with the seller and the last one is kept by the lawyer that oversees the transaction.

Title Transfer Document

Title Transfer is a document that sets in motion transfer of a title deed from the seller to the buyer (now the new owner of the property). It is filled once a buyer makes full payment of the property/land.

While signing a Title Transfer Document, it is usually attached with;

-       Approved consent for sale from the Lands Control Board

-       Stamp duty slip (proof of paying government levies)

-       Copies of the ID number of the buyer and seller or two directors of the investment company

-       KRA Pin Certificate of the buyer and seller

-       Passport photos of the buyer and seller

-       Certificate of Incorporation (if the property/land belongs to an investment company).

Also Read: Why You Need To Do a Land Search in Kenya – Before Buying It

Baoriat Agencies is committed to helping you find the best place for you to settle in Eldoret town. We walk you through the entire process of acquiring your own property in Eldoret until it has been transferred into your hands.

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 Follow our Facebook Page Boariat Agencies for the latest deals. 

Comments

Popular posts from this blog

Major Streets in Eldoret Town – Perfect for Mega Investments

  If you are looking for a place to put your investment in around Eldoret town, then consider the Central Business District (CBD). With the growing population that is pushing the expansion of Eldoret town – which is currently an economic, education, sports, health and a transport hub for at least 23 counties in the North Rift region and Western Kenya, this Uasin Gishu’s capital is the best bet for your investment. The Eldoret CBD is comprised of FOUR major streets where you can be sure your investment of whatever kind will give you maximum returns. Here are the four major streets in Eldoret CBD: Ronald Ngala Street When you are coming into Eldoret town from Nairobi through Nakuru Highway, this is the first street you will come across as you enter the CBD. Just at the start of Ronald Ngala Street is the iconic Barng’etuny plaza – one of the oldest buildings in the town. Opposite it is several banks including Bank of Africa, Sidian Bank and Cooperative Bank. Other key fac...

How Women Can Protect Their Property Rights After Marriage

They say property has no gender, but history shows a different reality, where property ownership has favoured men. This inequality is still evident, especially when it comes to inheritance after the death of a spouse.  Even though Kenya’s 2010 Constitution guarantees equal rights for men and women, many women still struggle to secure their rights to property. So, how can women make sure their rights are respected after marriage? Baoriat Agencies explains six key ways to ensure fair property distribution in case of death or separation. 1. Registering Jointly Owned Property  When a couple buys property together, it’s important to register it under both names. This guarantees that the other automatically inherits the property if one partner dies. Make sure both names are clearly listed on the title deed as co-owners. 2. Joint Tenancy or Tenancy-in-Common There are two ways to share property: Joint tenancy : If one partner dies, the other automatically becomes the sole owner. Tena...

List of Popular Gated Community Estates in Eldoret Town

  Eldoret town is home to over 10 residential estates that house all types of people – from the lower class to the affluent. Some of the popular estates include Kapsoya, Langas, Kimumu, Huruma and Annex among many others while there are several other upcoming residential estates like Juniorrate, Action and Pioneer which are not yet fully developed. Apart from the above-mentioned estates, we also have several gated estates, accommodating the rich and affluent in Eldoret. Also Read:  List of Estates within Eldoret Municipality A gated community is a form of residential  community  or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences. We take at some of the popular ones in Eldoret town, most of which house the affluent. Kenmsosa Village This is a gated community estate that houses not only residential homes but also has a resort. Kenmosa village ...