What to Expect During a Conveyancing Process in Kenya

sale, sold, hand-3701777.jpg

Conveyancing is the process of transferring ownership of a piece of property from one person to another. In Kenya, this process involves the transfer of title deeds, which are legal documents that prove a person’s ownership of a piece of land or property.

The first step in conveyancing is to make sure that the title deeds are in order. This means that the person selling the property must have the original title deeds and that they are not currently involved in any legal disputes or disputes over ownership.

Once the title deeds are in order, the next step is for the buyer and seller to agree on a price for the property. This can be done through negotiations or by hiring a real estate agent to help with the process.

After the price has been agreed upon, the next step is for the buyer to pay a deposit to the seller. This deposit is usually a small percentage of the total price of the property and is used to secure the sale.

Once the deposit has been paid, the buyer and seller will sign a sale agreement. This document outlines the terms of the sale, including the price of the property, the date of transfer of ownership, and any other conditions that need to be met before the sale can be completed.

The next step is for the buyer to apply for a loan from a bank or other financial institution to finance the purchase of the property. This process can take several weeks or even months, depending on the buyer’s credit history and other factors.

Once the loan has been approved, the buyer will pay the remaining balance of the purchase price to the seller. This is usually done through a transfer of funds from the buyer’s bank account to the seller’s bank account.

Once the funds have been transferred, the title deeds can be transferred to the buyer. This is done by going to the Lands Office, where the transfer of ownership will be registered.

After the transfer of ownership has been registered, the new owner will receive the new title deeds. These documents will show that the new owner is the legal owner of the property and can now use it as they wish.

It is important to note that conveyancing process in Kenya can take several months to complete, depending on the property and the parties involved. It is also important to seek legal advice before entering into any transaction to transfer the title deeds to avoid any issues arising later on.

In conclusion, conveyancing title deeds in Kenya is a process that involves the transfer of ownership of a piece of property from one person to another. This process involves making sure that the title deeds are in order, agreeing on a price for the property, paying a deposit, signing a sale agreement, applying for a loan, transferring funds, registering the transfer of ownership, and receiving new title deeds. It is a process that can take several months to complete and it is important to seek legal advice before entering into any transaction to transfer the title deeds.

Wambui Kabiru Consulting & Co.is your one-stop shop for all your conveyancing needs. We offer comprehensive conveyancing services to help you navigate the complex process of transferring ownership of property in Kenya. Our team of experts has the knowledge and experience to guide you through every step of the process, from making sure your title deeds are in order to registering the transfer of ownership. We pride ourselves on providing personalized service to our clients, ensuring that your needs are met every step of the way. Trust Wambui Kabiru Consulting & Co. to handle all your conveyancing needs, so you can focus on your new property.

Leave a Comment

Your email address will not be published. Required fields are marked *