[BUYING AND SELLING REAL ESTATE IN KENYA]
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D. The purchaser shall pay the registration fees of less than USD 10 E. The parties pay their advocates legal fees for acting for them in the transaction. Usually, each party pays its own advocate. A guide on the legal fees payable is contained in the Advocates Remuneration Order, 2014. Advocates may opt to follow the Remuneration Order or charge a higher fee as agreed on between the parties. IX. OTHER CLOSING DOCUMENTS A. The instrument of conveyance in triplicate which must be signed, dated, and witnessed by an advocate B. Copies of the parties’ tax certificates (PIN) and identification documents (identity card or passports). v In the event of a transmission the certificate of grant. C. Thee colored passport sized photographs D. In the event of conveyance of a lease hold title interest, a rent clearance certificate and consent to transfer/charge. In the event of agricultural land, the Land Control Board Consent E. Stamp duty/capital gains payment slip F. Any other document required or requested for by the regulatory body. G. Residential Properties: Seller has to have a smoke/carbon monoxide in X. RECORDING REAL ESTATE DOCUMENTS A. An application to register interest in land is made to the Land Registrar in the approved statutory format.
B. There is a land registry that registers all dispositions in land and the land registry maintains a record of all transactions in the land register C. The registrar shall issue the relevant document upon completion of the conveyance transaction XI. ANNUAL COSTS FOR PROPERTY OWNERSHIP A. Annual land rent paid annually as indicated in the title deed. Annual land rent is payable only in leasehold titles. Estate that are held as freeholds are not subject to any annual rents. B. Rates payments payable to the county government at the rate assessed
ILN Real Estate Group – Buying and Selling Real Estate Series
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