The title to Kilimanjaro Golf and Wildlife Estate is held by way of a renewable lease for a period of 99 years from July 2002. This title may be sub-divided and transferred to third parties under well-established land transfer procedures.
Buying a property involves the purchase of a leasehold title carved out of the master lease. The transfer documents comprise an Agreement for Sale, setting out the terms of sale of the title to the purchaser (including covenants relating to the occupation and use of the land), an Application for Approval of Disposition and a Transfer of a Lease of a Right of Occupancy. The latter two documents are official documents required under the Land Act (2002).
Following completion of the purchase of land, the purchaser will be provided with Land Registry certification of the Transfer of a Lease of a Right of Occupancy relating to the plot. This provides a secure title to the land, though the purchaser is obliged to respect the covenants of the Agreement for Sale, which represents an on-going agreement between Kilimanjaro Golf and Wildlife Estate and the purchaser.
These legal aspects can sometimes seem confusing. To help guide you through these important matters please refer to legal opinion.
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