Property Developer: Purchasing of Land to Develop
Introduction.
A citizen of Kenya can possess land under the freehold or leasehold tenure system. A foreign investor is restricted to a leasehold interest only for a maximum of 99 years, but under freehold, the land interest automatically reverts to a leasehold interest. The summary below discusses the process of purchasing land.
Due diligence.
Due diligence is crucial for an...