To continue our previous discussion, it is crucial to request three more essential documents when purchasing land. All these documents help to verify information which will protect you from potential legal and financial pitfalls.
- Land Control Board Consent Letter.
The Land Control Board consent letter is a critical document you must obtain when purchasing land. This letter grants the seller permission to transfer the property to you. It is essential. Make sure you receive the original consent letter, and that it is from a regular sitting of the Land Control Board, not a special Board. It is always the duty of the seller to book a slot for and attend the Land Control Board Meeting to obtain this consent and letter. This document ensures that the transaction has been legally approved and you have the necessary permission to proceed.
- Board Resolution from the Selling Company.
If a company is selling the land, obtaining a board resolution from the board members that expressly authorises the sale of the property to you is a requirement. This resolution should reference the title number and your name, explicitly stating that the company agrees to sell the property to you. This document is crucial because it confirms that the company’s decision to sell the land has gone through the proper internal channels and has been formally approved. This adds an extra layer of legal security to your transaction, ensuring that the company is legally bound to sell the property to you and that there are no internal disputes or issues regarding the sale.
- Clearance Certificate.
The clearance certificate is essential if you purchase land, especially in urban areas such as Nairobi, Thika, Athi River or for commercial properties. This certificate verifies that all land rates, and rents have been paid by the seller up to the date of sale. Ensuring that the seller has paid all their rents and rates before you purchase the land protects you from inheriting any outstanding bills or financial obligations. Without this certificate, you could be liable for unpaid rents or rates, resulting in significant economic burdens and complications.
Therefore, request and verify the clearance certificate to ensure the seller has settled the property’s financial obligations before the transfer.
By diligently verifying all these additional documents, you can safeguard your investment and ensure a smooth and legally sound transaction. These steps are essential for protecting yourself and ensuring your purchase is free from potential issues.
We hope you’ve enjoyed the three articles and that they’ve added value to you and your investment journey. For incredible deals, reach out to Grand Acres by Goshen Acquisitions via WhatsApp or go to our website
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