MAROA -coastal properties

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When Buying Land, Many Kenyans believe that once you have a Title in your Hand, then the Process of Land Acquisition  is...
30/05/2024

When Buying Land, Many Kenyans believe that once you have a Title in your Hand, then the Process of Land Acquisition is Finally over!!!

The Truth of the Matter is that you may be holding the most Useless document among all the documents involved in the paper trail of Land Acquisition!

Before you crucify me, Let Me Explain:

The process of Land Acquisition is abit Tedious and requires one to be keen:
1.The First Step you need to do is is Conduct a Search of the Ptoperty you intrested to buy.
There are 3 Types of Searches:

a) Search of Title deed- This should be the first search you should conduct, you need to be armed with the copy of Title deed of the land in question and or the copy of Id of the vendor.This search is conducted to ascertain if truly the land belongs to the said vendor and also to ensure the land does not have any encumberences:either used to secure a loan via a bank or has some pending levies owed to the Government e.g the S.F.T(Settlement Fund Trustee) normally charged on settlement schemes by Government. This search should be conducted Independently, it costs about Ksh.500.

b) :This is the most important document in the Process of Land Acquisition. A Greenland as the name suggests is a green card that records all the Historical data of the particular parcel including all the previous owners and the Title Numbers, once s new title is made, the information is transferred to this document.

Note:If the Title is not registered on this document, your purchase is Null and Void.The will always use the information from the Green card to register your Title on the Blue Print or cadastral Map.

A is a large-scale map showing the boundaries of subdivisions of land, usually with the directions and lengths thereof and the areas of individual tracts, compiled for the purpose of describing and recording ownership. It may also show culture, drainage, and other features relating to use of the land.

Many Kenyans have been duped in buying property that have a but are not registered on this Map. Its high time you realised that that paper you own called Title deed if not registed on the Cadastral Map(Registry Index Map) Faridah Karooney is coming for you with the Digital Registration of Titles underway.Your Title wont exist anywhere on the new Register.

c) - This search should be conducted separately independent of the other searches.Its aim is to find out if the Land in question owes the County government some Levies and any other penalties accrued, Ensure to apply for Land rates search, get invoiced, Pay Ksh.5000 in case of Kilifi county for the Land Rates Certificate and clearing your arrears if you are the owner or just the rates.This is a very important search since the Land Rates clearance Certificate must be issued together with other documentation during the transfer of Title.

Once you have completed all the Searches , then step no.2 follows:

2.Armed with the copy of Title, which has the registration Index No. Visit the Regional survey offices, in case of Coast Region, its Mombasa city Bima Towers.
Go and purchase a Blue print Map from the survey offices.Ensure its stamped and receipted.
The Bue print Map or the Cadastral map shows the specific parcel its dimensions and all the neighbouring parcels.All parcels are referenced through the Map sheet No. Or the Registry Index Map.
If the title does appear on the Blue print map , that means you've bought air !!!
This is the Second Most Important Document.

If the title is registered on this map, this is a good sign. Head on to step no.3

3.Get a , and visit the particular Land together with the owner and ascertain its physical location. The surveyor will identify the beacons using the Mutation Map or the Deed Map.

4.Until this point in time everything is good, as a greed with the Vendor, Draft a sales agreement with the help of an Advocate,sign it pay the Deposit, and clear the Balance after transfer instruments are signed after which by law you can assume possession of land as you continue the process of transfer.
During transfer the following is Required:
-
-Dully filled and signed and documents
-Certificate of Land Rates Clearance
certificate of cleared Capital gain Tax which is 5% of the value of the property
-Regisration of Transfer Instruments
- tax receipts, tax is 4% for Urban Lsnd and 2% for Farmland on the value.
-
-Copy of Kra Pin and Copy of ID of both the vendor and Purchaser
- passport photos for the vendor and purchaser.

For the transfer to be completed use an advocate to accelerate the process.

4.Once everything is completed and submitted to the Lands registry for transfer, your title should be out with a matter of days or weeks.

5.Once the Title is out, conduct another search to authenticate to validity of Title.
Also Ensure the

EVERYTHING YOU NEED TO KNOW ABOUT INVESTING INKENYAYoung professionals are always being bombarded with the same message ...
22/05/2024

EVERYTHING YOU NEED TO KNOW ABOUT INVESTING INKENYA

Young professionals are always being bombarded with the same message as far as their money goes:
-don’t waste it; save it or invest.

Even though this is sound advice, it is taken for granted that people understand the basics. However, the vast majority may not even know what investment options exist in the market, the differences between them, and perhaps most importantly, which ones would suit them best.

Not to worry though. This cheat sheet should help you understand all you ever needed to know about investing in Kenya.

Investing is basically buying an asset with the expectation that it will appreciate, or you can sell it for a profit.
This way, it earns you a return. Usually, the investment option you choose should depend on five things:
-the returns you are looking to earn,
- the risk involved,
-your investment horizon,
- your tax profile and
- your liquidity needs.

Returns are what you expect to get when you make an investment. It could come as interest for fixed deposits, dividends from shares, or, capital appreciation and rental income from real estate.

Different investments offer different returns. Your investment horizon is the length of time you want your investment to span – you may want to leave your capital there for years or just a few months. It really just depends on what your financial goals are.

Your tax profile matters because like death, taxes are a constant. You need to be able to ensure that you are not paying more tax than the returns you are making.

Risk may be the greatest consideration when figuring out your investments.
It is defined as the uncertainty that you will not earn the return you expect. There are many types of risk, but what matters is your risk appetite. Some investors are risk averse, meaning they prefer investments that bear little risk. Others are the complete opposite, investing in instruments that are considered high risk because of the potential payoff.
As the saying goes, high risk, high reward. There is nothing wrong with either approach – it all comes down to what you prefer.
If you are trying to figure out what investment options would suit you best, the summary below should help.

We have classified the different investment options and for each, outlined the type of returns they offer and other distinguishing factors that can help you reach a decision:

PLOTS FOR SALE AT MSABAHA PHASE  6 & 7 - located in Malindi,Kizingo area, one of the fastest growing areas in Kilifi Cou...
11/03/2024

PLOTS FOR SALE AT MSABAHA PHASE 6 & 7
- located in Malindi,Kizingo area, one of the fastest growing areas in Kilifi County . The prime ⅛ acre ready to build plots are just less 3 minutes minutes from the tarmac sitting at the heart of a vibrant growing community.

PLOT FEATURES:

-1.3km From Mombasa-Malindi highway.

-Just 3Kms from Gede-Watamu junction

-A 10 minutes drive to Malindi international airport and Malindi town.

Ready for Immediate Development &Settlement

-Perfect Holiday homes, Cottages and Residential development.

-Water & Electricity available.

-Near Social amenities I.e shopping centres,Kizingo police station,Soyo Soyo Primary school& Faz fuelling station.

-Plots available in (1/8 an Acre ) for Kes.450,000...
(1/4 Acre) For Kes.950,000

-Plots are already Value added I.e beaconing, access roads& Bush clearing already done

-Amount Inclusive of Title Transfer Fee Stamp Duty and All Legal Fees. /No other extra charges.

- Flexible Payment plan I e Deposit Kes.200,000 clear Balance in 12 monthly installment.

Call 0785652940/0113460649

This was Karen back in 1961, An acre of land was going for £15, equivalent to Ksh.300 with the exchange rate of £1 to Ks...
09/03/2024

This was Karen back in 1961, An acre of land was going for £15, equivalent to Ksh.300 with the exchange rate of £1 to Ksh.20. Fast forward to 1980, the value had soared to Ksh.560,000 per acre. Today, that same acre commands a staggering price of around 70M or more. The exponential growth in land value over the years underscores the importance of seizing opportunities when they arise. If you have the means to invest in land now, don't hesitate—act swiftly and reap the rewards later

Invest as early as now to avoid blames in future


Call 0785652940/0113460649

1/8 Acre Plot for Sale in Kilifi TezoWelcome to your future investment opportunity! We present a spectacular 1/8 acre pl...
16/01/2024

1/8 Acre Plot for Sale in Kilifi Tezo

Welcome to your future investment opportunity! We present a spectacular 1/8 acre plot in the heart of Kilifi Tezo, offering a canvas for your dream home or strategic business venture.
Key Features:

🌳 Generous 1/8 acre size

🏞️ Ideal for residential or commercial development

🏝️ Serene and tranquil surroundings

🌊 Proximity to Kilifi's beautiful beaches

📈 Promising appreciation potential

Location Highlights: Situated in the vibrant Tezo area, this plot enjoys easy access to essential amenities, schools, and the stunning Kilifi coastline. Embrace the coastal lifestyle and capitalize on the area's growing popularity for both residents and tourists.
Investment Appeal: Whether you're envisioning a dream home, holiday retreat, or a strategic investment, this plot offers a prime opportunity. Take advantage of Kilifi's booming real estate market and secure your stake in a rapidly developing area.
Don't miss out on this chance to shape your future! For more details and to schedule a viewing, contact us at 0113460649
📞 Call now to turn this plot into your next success story!

# 0113460649

Address

Mombasa
MALINDI

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