Contents of a Land Sale Agreement
A Land Sale Agreement is a legally binding contract that outlines the agreed terms between a buyer and seller before the transfer of land takes place. It safeguards the interests of both parties and ensures compliance with Kenyan land laws.
Here's a summary of the key elements every valid Sale Agreement should include:
1. Parties Involved
- Names, ID numbers, and KRA PINs of both buyer and seller.
- Physical addresses and contact information.
2. Property Details
- Title number, location, and size (in acres, hectares, or square meters)
- Description of boundaries or beacons.
- Reference to a deed plan or survey map, if available.
3. Price & Payment Terms
- Agreed purchase price (in words and figures).
- Payment structure – deposit, balance, and deadlines.
- Mode of payment or account details.
4. Sale Conditions
- Responsibility for legal costs, stamp duty, and land rates.
- Timelines for possession and title transfer.
- Penalties for late payments or breach.
5. Party Obligations
- Seller: Provide original title, clear outstanding land rates, and sign transfer documents.
- Buyer: Pay the agreed amount and file documents for registration.
6. Dispute Resolution
Disputes to be settled through negotiation, mediation, or court.
Kenyan courts have legal authority.
7. Witnesses
Each party signs in the presence of at least one witness.
Witness must provide name, ID number, and contact details.
8. Signatures
- Signatures of buyer and seller, with date.
- Advocate’s attestation is strongly recommended.