When it comes to purchasing land in Kenya, it is essential to have a clear understanding of the legal agreement that takes place between the buyer and seller. This agreement is known as the land sale agreement, and it outlines the terms and conditions of the sale.
A simple land sale agreement in Kenya should include several important details to ensure both parties are protected and satisfied with the transaction. Here are some standard clauses that should be included in a Kenyan land sale agreement:
1. Description of the Land
The agreement should have a detailed description of the land being sold. This includes the physical address and size of the land. It is important to ensure that the description in the agreement matches the land on the ground.
2. Purchase Price
The purchase price should be clearly stated in the agreement. This includes the total amount and any installment payments that need to be made. It is also important to include the payment schedule and the mode of payment.
A deposit may be required to secure the land before the full payment is made. The deposit amount and terms should be clearly stated in the agreement.
4. Transfer of Title
The agreement should outline the process of transferring the title from the seller to the buyer. This includes all legal documents required, such as the title deed and land control board consent.
5. Obligations of the Buyer and Seller
The agreement should clearly state the obligations of both the buyer and seller. This includes any repairs or renovations needed before the transfer of title and any ongoing maintenance responsibilities.
6. Dispute Resolution
In the case of a dispute, the agreement should outline the steps for resolution. This includes the use of arbitration or mediation if necessary.
A well-drafted land sale agreement protects the rights of both the buyer and seller. It is essential to have a lawyer review the agreement before signing to ensure that both parties are fully aware of the terms and conditions of the sale.
In conclusion, a simple land sale agreement in Kenya should be comprehensive and detailed to avoid any future legal issues. Understanding the terms and conditions of the agreement is critical before making any payment, so ensure you seek the advice of a legal professional.