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Tuesday, November 12, 2024
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The Main Types of Title Deeds in Kenya – Madaraka Homes

The Main Types of Title Deeds in Kenya - Madaraka Homes
The Main Types of Title Deeds in Kenya – Madaraka Homes

The main types of title deeds in Kenya are as follows:

Freehold Title Deed: This type of title deed represents absolute ownership of the land or property, and the owner has full rights to use, develop, and transfer the property as they wish.

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Leasehold Title Deed: With a leasehold title deed, the owner has the right to use the land or property for a specific period, as stated in the lease agreement. The land is leased from the government or another landowner for a specified term, usually 99 or 999 years.

Sectional title deed: a type of land ownership that applies to multi-unit developments such as apartment buildings, townhouses, or gated communities. It allows individual ownership of a specific unit within the larger development, along with shared ownership of common areas and facilities.

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Here are our land projects with Ready title deeds:

  1. Malindi Breeze Gardens                1/8 Acre at Kes 100k
  2. Nanyuki plains                                    1/8 Acre at Kes 215K
  3. The Falls Rumuruti                            1/8 Acre at Kes 230K
  4. Juja Crescent Gardens                    1/8 Acre at Kes 845K
  5. Diani – Furaha Gardens                                  1/8 Acre at Kes 499K
  6. Diani -Beach View                           1/8 Acre at Kes 1.95M
  7. Diani – Beach View II                      1/8 Acre at Kes 2.75M
  8. Diani – Beach Front                          1 Acre at Kes 13.5M

Housing Project: URBAN GREEN RESIDENCE

We are offering a modern apartment in Ruiru. This Ultra-Modern apartment comprises of 1 Bedroom, 2 Bedroom and 3 Bedroom units.

Prices:

  • 1 Bedroom – 3.25M (Deposit 950K)
  • 2 Bed room – 4.25M (Deposit 1.25M)
  • 3 Bedroom – 5.25M (Deposit 1.55M)

The payment period is up to 25 months with 0% Interest.

 

The process of transferring ownership of land or property in Kenya typically involves the following steps:

Offer and Acceptance: The buyer and seller agree on the terms of the sale, including the price and conditions.

Letter of Offer: The buyer submits a formal letter of offer to the seller, expressing their intention to purchase the property.

Sale Agreement: Once the offer is accepted, a sale agreement is drafted, detailing the terms and conditions of the sale.

Payment of Deposit: The buyer pays a deposit as a sign of commitment to the purchase.

Searches and Land Verification: The buyer’s lawyer conducts searches at the relevant government offices to confirm the property’s ownership and legality.

Transfer Documents: The seller’s lawyer prepares the necessary transfer documents, which include the title deed and other legal documents.

Full Payment: The buyer makes the full payment as agreed upon in the sale agreement.

Stamp Duty and Transfer Fees: The buyer pays stamp duty and transfer fees to the government.

Transfer of Title: The seller and buyer, or their representatives, sign the transfer documents, and the title deed is transferred to the buyer.

Registration: The transfer documents are registered with the relevant government authority to formalize the ownership transfer.

Issuance of New Title Deed: After the registration process is completed, a new title deed is issued in the buyer’s name.

NB: ALL OUR PRICES ARE INCLUSSIVE OF THE STAMP DUTY AND TITLE DEED TRANSFER CHARGES.

Contact information:

Phone Number: +2547 26 202 876 | +2547 15 579 579

Email: diaspora@madarakahomes.co.ke

Website: www.madarakahomes.co.ke

Office Location: TRV Towers Ngara Road, Suite 4C

As always we have something great for you.

 

The Main Types of Title Deeds in Kenya – Madaraka Homes

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