Buy Land: Tenure, Leases and Transfers
Understanding Land Ownership at Vipingo Ridge: Tenure, Leases, and Transfers
Understanding land ownership and tenure systems is crucial when investing in property. Here we look at a number of the key questions we are asked about buying and owning land at Vipingo Ridge.
In Kenya, land ownership is categorized into three types: public land, communal land, and private land.
Public land is designated for public use, communal land is owned by communities based on cultural or ethnic ties, and private land is owned by individuals or groups for personal use.
Private land ownership encompasses two main tenure systems:
● Freehold: Ownership is indefinite.
● Leasehold: Ownership is granted for a specific period, typically 99 years.
Land Ownership at Vipingo Ridge
Vipingo Ridge, located in Kilifi County, Kenya, operates under the Land Act of Kenya and follows a Leasehold tenure system. When purchasing land at Vipingo Ridge, owners receive a sublease, which grants them legal rights to their specific plot.
This sublease is governed by a master lease that outlines property rights and community guidelines aimed at maintaining exclusivity, aesthetics, and development standards.
The Vipingo Ridge sublease is officially recognized by the Kenyan government and can be utilized for financing purposes.
Leasehold Renewal Process
A common question among prospective buyers is: What happens after 99 years?
The leasehold renewal process in Kenya is straightforward and governed by the Land Act of 2012.
Five years before the expiration of a lease, Vipingo Ridge shall apply for renewal through the National Land Commission (NLC). The commission reviews land usage based on the original land-use conditions outlined in the mother lease. If the conditions are met, the lease will be renewed.
To ensure a smooth renewal process, plot owners must clear any outstanding land rates, service charges, and rents.
Can Leasehold Land Be Inherited?
Yes, leasehold land can be inherited in Kenya.
The inheritance process involves legal counsel and the land registry to facilitate the transfer of ownership. Once the transfer is complete, the new owner receives an official Transfer of Lease document, confirming their legal rights to the property.
At Vipingo Ridge, we ensure a seamless transfer process, guided by experienced legal experts.
Why Invest in Vipingo Ridge?
1. Secure Land Tenure: Governed by Kenya’s Land Act.
2. Long-Term Investment: Sublease recognized for financing.
3. Community and Aesthetic Standards: Regulated for exclusivity and high value.
4. Seamless Lease Renewal: Simplified renewal process under the National Land Commission (NLC).
5. Inheritance and Ownership Transfer: Legally structured and seamless transfer of ownership processes.
Conclusion
Investing in Vipingo Ridge offers security, exclusivity, and long-term value.
Our structured sublease system ensures legal protection, while our smooth transfer processes make ownership hassle-free. These details are important for anyone interested in joining the Vipingo Ridge community, helping them navigate the registration and ownership process seamlessly.
At Vipingo Ridge, we not only enjoy life and play golf, but we also ensure that all legalities concerning ownership are in order.
For more details on how to engage with us and begin your property ownership journey in Vipingo, please contact our team by sending an email to sales@vipingoridge.com.