I want to sell my land. What should I do?

  • Introduction: Our platform focuses on specific administrative/legal needs of people concerning the sale and purchase of a piece of land.
  • Why is the process needed: A leasehold estate is an estate for a fixed term of years.

The benefit of this process is that the Vendor will receive payments in respect to the Purchase Price of the Land and on the other hand, the Purchaser will be officially registered as the owner of the land in question.

  • Risk/what happens if the process is not undertaken: If the process of the sale and purchase of a piece of land is not finalized then the buyer will not obtain legal title to the land and the Vendor will not obtain the purchase price.

Set out below is a summary of the requirements, the procedure and the time frame for the sale and transfer of a piece of land.


Steps

  1. Conduct a Search over the Property
  2. Prepare Agreement for Sale
  3. Prepare Transfer document
  4. Register the documents at the relevant Land Registry

Requirements

  • Original Title document
  • Copies of the Identity Card and PI.N. Certificate of the Buyer and Seller
  • One coloured Passport size photograph in respect of the Buyer and the Seller


Duration

Ninety (90) days

Cost

Direct Costs:

  1. Stamp Duty Amounts – 2% or 4% of the value of the property
  2. Search Cost – K.Shs.500/=
  3. Government Valuation Costs – K.Shs.2,000/=
  4. Rates Clearance Certificate Costs – K.Shs.10,000/=
  5. Rent Clearance Certificate Costs – K.Shs.1,000/=
  6. Registration Fees and Costs– K.Shs.500/=
  7. Land Control Board Consent Costs – K.Shs.10,000/=

Disbursement fee: K.Shs.10,000/=



For further and more detailed information on the above we recommend that you contact an Advocate.
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  • info@microjustice.org






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