State plans to issue title deeds in 16 days
SEE ALSO :Birds of paradiseThis integrity challenge in the local property sector is also blamed for the country’s poor ranking where out of 190 global countries that are members to Property Ranking Database, Kenya is currently ranked at position 125. The PS said property deals take long as the owner first goes shopping for a title deed from government offices. And the government, as a measure of boosting confidence, will commit itself to compensate all losses for transactions performed in good faith but based on erroneous information provided by the government. Muraguri said the broader aspect of this new move includes public awareness on the migration from manual property transactions to digital platform. “On our part, we have made sure that our records that will be up for search by investors are updated and easy to access,” he said. He said that information has been clustered in land use categories where one can ascertain the status of the property, moving away from the cruelty of the government okaying acquiring of a property today, then tomorrow the same government condemns the property on grounds of being illegally acquired or established.
SEE ALSO :Pantone Colour of the Year for 2020“The information on land is complete with survey records, transfers so far initiated, whether the property has an existing trade restriction and its exact measure and location,” he said. He added that all information on houses captures information about legality, its current rating on architectural standards if a building, estimated value and profiled projection of appreciation or depreciation. To rid property deals of costly and time wasting litigations, he said, the ministry is also putting up a dispute resolution mechanism. The dispute resolution tribunal will have representation of all the relevant departments in land administration and it will be presided over by a judicial officer in the rank of a judge. “You will only be going to court to make an appeal if not satisfied with the tribunal’s judgement,” said Muraguri.
SEE ALSO :How to switch up a boring houseAt the same time, the ministry will publish all transactions that have gone through or are pending every six months. [email protected]
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