The Dos and Don’ts When Buying Land in Kenya: A Guide by AMCCO Properties Limited
Buying land in Kenya can be a rewarding investment, but it's essential to navigate the process carefully to avoid common pitfalls. Here are some dos and don'ts to consider:
The Dos
1. Conduct Due Diligence
Verify the land's ownership and ensure the title is legitimate by conducting a search at the Ministry of Lands. You can use Ardhisasa platform to verify this information from you mobile phone.
Seek the services of a professional surveyor to confirm the land's boundaries and check for any encroachments or disputes.
Check zoning regulations to ensure the land is zoned for the intended use, whether residential, commercial, or agricultural. This is important because it determines how you will use your land.
For instance, if the place is reserved for residential purposes, you won't be allowed to set up a commercial establishment.
2. Verify the Seller’s Identity:
Confirm if the seller is the legitimate owner by checking their identification documents and comparing them with the information on the title deed.Probe the ownership history of the land to ensure there are no unresolved legal issues or disputes.
3. Engage Professionals
Seek the services of professionals to guide you through the process to seal all the possible pitfalls. For instance, hire a real estate lawyer to guide you through the legal processes, including drafting and reviewing contracts.
Consult a licensed surveyor for accurate land measurements and boundary verification.
4. Obtain necessary clearances and approvals
For agricultural land, obtain consent from the Land Control Board (LCB) to transfer ownership.
Ensure compliance with environmental regulations if planning any significant development on the land.
5. Ensure Proper Documentation
With the help of an advocate, draft a comprehensive sale agreement outlining all terms and conditions of the transaction to avoid potential future disputes.
Ensure all transfer documents are correctly filled out and signed, and submit them to the Ministry of Lands for registration.
The Don’ts
1. Don’t Rush the Process
Take time to research and verify all information before committing to a purchase.Carry out due diligence to avoid legal issues and possible financial loss.
2. Don’t Ignore red flags
Don't overlook any discrepancies in the title deed, ownership documents, or survey maps. Further, don't overlook disputes surrounding ownership of the land as that could result in prolonged legal battles in future.
3. Don’t overlook land costs
Be aware of additional costs such as stamp duty, legal fees, survey fees, and registration fees.
It is also important to consider future costs for developing the land, including infrastructure and utilities.
4. Don’t rely solely on verbal agreements
Ensure all agreements are documented in writing and signed by both parties to avoid misunderstandings and legal issues.
5. Don’t neglect future plan
Consider potential future developments in the area that could affect the land’s value and usability. Ensure there is room for expansion.
6. Don’t ignore accessibility
Ensure the land you are buying can be accessed. Inquire about the road that leads to the property before buying it.Buying a landlocked plot can be frustrating as you will always be at the mercy of your neighbour . Such a property can also not attract good returns on investment.By following these dos and don’ts, you can navigate the complexities of buying land in Kenya more effectively, ensuring a secure and successful investment.Investing in real estate requires a strategic, informed, and holistic approach. Developers can create valuable and resilient properties by considering a rafts of the dos and don’ts as highlighted above to avoid being duped.
AMCCO Properties Limited is a trusted partner that offers expertise, insights, and comprehensive support to ensure the success of our clients' real estate ventures.
For more information on how we can assist with your real estate development plans, contact AMCCO Properties Limited today via 0701 293 199.
You can also take advantage of the company’s newly launched VR services and enjoy the breathtaking view of all the properties on sale from the comfort of your couch. All you need is to follow this linkhttps://virtual.amccopropertiesltd.co.ke/
