Land Registry Transfer: Fill & Download for Free

Land registry applications are particular well suited for Blockchains for various reasons. The choice of permissioned or public blockchains is quite irrelevant in such use cases.Land registry systems primarily have the following functions:Setting up the assets on the blockchain (tokenization)Ensure ownership of assets (private/public keys)Allowing for transfer of assets (transactions)Let’s take each section separately:TokenizationTokenization of an asset basically means to create a digital representation of an asset on a blockchain via a smart contract, for example. The smart contract would have various attributes including the location of the asset, in this case, the land, along with the size. This could all be modeled via geolocation data, for example, land A is bounded by the following geodata: 10:20, 40:50 and 60:70, which makes it a triangular piece of land. This could be applied for any shape. To make it more complex but more accurate, the smart contract could include functions to cater for curved land areas.Ownership and Transfer of OwnershipEach piece of land would be assigned one or multiple owners. This would work similar to multisig wallets which are currently used in Bitcoin. Any transaction would require the digital signature of all the concerned parties or a subset of them. The transfer of ownership could take various forms. For example, transfer of ownership could be temporary in the case someone took a loan on a piece of land.

A title deed is a legal document constituting evidence of a right, especially to ownership of property.But before you receive a title deed, it is important to ensure you sign the below documents that have unique roles in the purchase process especially land.Letter of OfferA letter of offer is a single paged document that expresses intention by the buyer who wants to purchase a property and spells out the binding terms and conditions for both the seller and the buyer. Details contained include the name of the seller, buyer, lawyer overseeing the transaction, property identification number, the payment terms either cash or installment and a slot to fill in next of kin details. The buyer is required to sign this document in duplicate. One copy is retained by the seller and the other one belongs to the buyer. This is the first document a buyer signs after selecting a plot and paying the booking fee.Importance: A letter of offer eliminates the possibility of two parties buying the same piece of land.2. Sale agreementA sale agreement is a legal contract that obligates a buyer to buy and a seller to sell a product and in this case land.Contents of a sale agreementIdentity of the parties- The name as it appears on the identity card, ID/ Passport number and email addressIdentity and description of the property under sale- this includes the legal description of the land, the plot number, physical location and the condition of the property either vacant or occupiedThe purchase price of the property and payment of the purchase priceGeneral and special conditions- these are the conditions that surround the property on sale including who is supposed to pay stamp duty, legal fees and the completion period.Importance of a sale agreement: The sales agreement fully protects the rights and interests of the buyer and the seller because if one party fails to adhere to the contract the other party can take legal action to recover the damages caused. The sales agreement is filled in triplicate one for the vendor, one for the purchaser, one for the lawyer/ legal advisor overseeing the transaction.3. Title transfer documentThis is a document that is involved in transfer of a title deed from the name of the seller to the buyer’s name. This document is filled in when payment of a property is completed. A title transfer is attached with the below details before submission to the Lands Registry for the actual transfer.Approved consent for sale from the Lands Control Board.Stamp duty slip as a proof of paying government levies.Copies of ID number of the buyer and of two directors of the investment companyKRA Pin Certificate of the buyer and of the investment companyPassport photos of the buyer and of two directors of the investment companyCertificate of Incorporation of the investment companyThe title transfer document is filled in 3 copies; one copy is filed at the Land Registry, the second at the investment company and the third belongs to the buyer.Importance of a title transfer form- this document is the legal proof of transfer of the title and can be used when tracing the history of a property in the Lands Registry.In conclusion, every investor should have these three documents at the back of their minds to ensure the property they have purchased belongs to them legally. Ensure you request for these documents in your next land purchase, they will be availed to you by a Relationship Manager. If you are in diaspora an offer letter is sent to you via email address while a sales agreement and a title transfer form will be sent to you via your preferred courier service.For more information visit: Documents involved in land transfer and their importance | Username

You must obtain probate of the Will.You must have been appointed as Executor.You must administer and wind up the estate.You must complete the appropriate forms at the Land Registry to transfer the property. You will have to produce a probated copy of the Will.