Investigations
Steps to Conduct Due Diligence in Land Purchase
Before purchasing land or any other property in Kenya, it’s prudent to do a basic and deep research on the property before buying. Below are the appropriate steps to follow in your due diligence to avoid being defrauded.
1. Title Search: Begin by verifying the land’s title deed at the Ministry of Lands. This confirms the current owner, land size, and any restrictions or encumbrances.
2. Physical Inspection: Visit the property to confirm its existence and the accuracy of its details, such as boundaries, land size, and topography.
3. Land History: Investigate the land’s history, including any past transactions, disputes, or subdivisions. This can be done by examining land records and speaking to neighbouring landowners.
4. Land Ownership: Ensure that the person selling the land is the legal owner, and there are no disputes or third-party claims.
5. Liabilities and Debts: Check if the land has any unpaid rates, taxes, or mortgages. These can affect your ownership rights and incur additional costs.
6. Survey and Beacon Information: Review the land survey and beacon information to confirm that the property’s boundaries are accurate.
7. Environmental Compliance: Investigate whether the land is compliant with environmental regulations and zoning requirements. This is crucial for future land use.
8. Community and Neighbors: Interact with the local community and neighbouring landowners to gain insights into the land’s history and any potential issues.
9. Legal Documents: Consult a legal expert to review all documents, contracts, and agreements related to the land purchase.
10. Expert Assistance: Seek the assistance of professionals, such as land surveyors, real estate agents, and lawyers, to ensure that all aspects of due diligence are properly conducted.
Conducting due diligence in land purchase is a comprehensive process that demands thorough research, attention to detail, and professional guidance. By following the steps outlined in this guide, you can safeguard your investment and avoid potential legal disputes or financial losses in Kenya’s intricate land market. Remember that due diligence is not an option but a necessity when purchasing land, as it ensures that you acquire property with clear legal status and market value.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Business4 days agoCooking Fuel Firm Koko Collapses After Govt Blocks Sh23bn Carbon Deal
-
Business3 days agoABSA BANK IN CRISIS: How Internal Rot and Client Betrayals Have Exposed Kenya’s Banking Giant
-
Politics2 weeks agoYour Excellency! How Ida’s New Job Title From Ruto’s Envoy Job Is Likely to Impact Luo Politics Post Raila
-
Business2 weeks agoMinnesota Fraud, Rice Saga, Medical Equipment Deal: Why BBS Mall Owner Abdiweli Hassan is Becoming The Face of Controversial Somali Businessman in Nairobi
-
Americas3 days agoEpstein Files: Bill Clinton and George Bush Accused Of Raping A Boy In A Yacht Of ‘Ritualistic Sacrifice’
-
News2 weeks agoKenya Stares At Health Catastrophe As US Abandons WHO, Threatens Billions In Disease Fighting Programmes
-
News2 weeks agoDCI Probes Meridian Equator Hospital After Botched Procedure That Killed a Lawyer
-
Investigations1 week agoPaul Ndung’u Sues SportPesa for Sh348 Million in UK Court, Accuses Safaricom Boss of Sh2.3 Billion Conspiracy
