Purchasing land is one of the drawn-out ventures one can make throughout everyday life. Purchasing land is the fantasy of many individuals. In this article, we will take a gander at the sorts of title deeds you should be aware of before purchasing land in Kenya.
The land is perhaps the best speculation one can have in their life. The land will constantly see the value in value regardless of what comes.
The land is the main thing that is never fabricated or created anyplace. While individuals are expanding step by step, the land is turning out to be more costly step by step.
Putting resources into land is the best venture. In any case, there are such countless difficulties that come while purchasing land. We have seen individuals being misled with their cash while attempting to buy land.
MUST READ: ANYANG’ NYONG’O BIOGRAPHY, AGE, CAREER, WIFE, AND NETWORTH
To try not to be defrauded, it’s critical to ensure you do an inquiry of the land to determine that you are purchasing from the genuine proprietor. Understanding the kinds of title deeds in Kenya is additionally extremely key.
When purchasing land in Kenya, it is essential to be aware of different types of title deeds that indicate ownership and rights to the property. Each type of title deed has its unique characteristics and implications.
Here are the main types of title deeds you must know:
1. Freehold Title Deed
Definition: A freehold title deed grants the owner absolute and unrestricted ownership of the land. The holder of a freehold title enjoys the rights to use, develop, transfer, and inherit the property without limitations from the government or any other parties.
Characteristics: Freehold properties can be held indefinitely, making them the most secure form of ownership in Kenya. The owner has the freedom to modify or develop the land within the legal framework and zoning regulations.
Implications: Buying land with a freehold title offers long-term investment potential and provides a sense of security for the property owner.
2. Leasehold Title Deed
Definition: A leasehold title deed grants the owner the right to use and occupy the land for a specific period, as stipulated in the lease agreement with the government or the landowner.
Characteristics: Leasehold properties have a predetermined lease period, typically ranging from 25 to 99 years. During this time, the leaseholder has the right to use and benefit from the land, subject to adhering to lease terms and conditions.
Implications: Buyers of leasehold land should be aware of the remaining lease duration. Upon expiry, the land reverts to the owner or government unless a renewal is negotiated. Purchasing leasehold land can be a more affordable option, but the lease’s expiry should be considered for long-term planning.
3. Government Allotted Title Deed
Definition: This type of title deed is issued for land that the government has allocated to an individual or entity for specific purposes, such as agricultural use or settlement.
MUST READ: GOOD NEWS TO ALL NHIF HEALTH INSURANCE PAYERS
Characteristics: Government-allotted land titles may have certain restrictions or conditions tied to their use. These conditions vary depending on the purpose for which the land was allocated.
Implications: Buyers should thoroughly understand the terms and limitations associated with government-allotted land before making a purchase. Non-compliance with the intended use may result in the revocation of the title.
4. Group Ranch Title Deed:
Definition: A group ranch title deed represents communal land owned by a group of individuals, usually belonging to the same community or tribe.
Characteristics: Group ranches are typically used for grazing or agricultural purposes and are managed collectively by the members of the group.
Implications: Purchasing land in a group ranch requires the consent of the entire community or group. It’s crucial to ensure that all members are in agreement and that the transaction follows proper legal procedures.
5. Subdivided Title Deed
Definition: Subdivided title deeds are created when a larger piece of land is divided into smaller plots, each with its own separate title.
Characteristics: Each subdivided plot can be bought and owned independently, allowing for separate development and ownership rights.
Implications: Buyers of subdivided land should confirm that the subdivision was done legally, and the titles are valid and registered with the relevant authorities.
Understanding the different types of title deeds in Kenya is crucial for making informed decisions when purchasing land. Engaging the services of a qualified legal professional or land surveyor is highly recommended to ensure a smooth and secure transaction.
'Want to send us a story? WhatsApp us on +254729 334 564 or Submit to NAIROBIminiBLOGGERS via our Email nairobiminiblogger@gmail.com'
Drop Your Comments, What do you think About The Article?