What to Know Before Buying Kabaka Land, Understanding Private Mailo

    Kabaka Mailo Land
    Kabaka Mailo Land

    Before you purchase any Kabaka Land in, there are a few things and steps you are supposed to follow before and we have broken them down here for you. Understanding Private Mailo Land.

    Purchasing a Kibanja on Kabaka’s land is a viable option for those who want to build on small budgets, and those starting real estate businesses.

    However, fraud in these kinds of transactions is very high and therefore discouraging. When you decide to buy a Kibanja, you must be very careful and take precautions to avoid being duped.

    Below are the Most Important Steps to Follow:

    1. First, make sure you carry out a search on the land title at the Registry of Titles in order to verify the authenticity of the land title.
    2. Pay particular attention to the current owner of the land (if the person selling you the land is not the owner, think twice).
    3. The Land Tenure (Mailo, Leasehold etc, if leasehold, how long does the lease still have before it expires).
    4. The most IMPORTANT part is CHECK FOR ENCUMBRANCES on the land title. If there is any encumbrance e.g mortgage, then tread very carefully.
    5. Once you identify the piece of land you want to buy, get the name of the area chairperson, the name of the seller, and any previous owner and other details.
    6. The chairperson acts as a witness during the purchase. In addition, the chairperson should make a separate statement of what he knows about land ownership.
    7. Most of the time, purchase agreements include the size of the plot, and the seller, buyer, witness, payment without covering or protecting the buyer.
    8. Be equipped with a better agreement. Always include a clause in the understanding of what should happen if any act of fraud is determined.
    9. Under the changes to the Land Act, a “Kibanja” holder is supposed to get permission from the landlord before selling the land.
    10. The seller must introduce the buyer to the landlord to create an awareness of a new occupant, and the landlord signs the agreement.
    ALSO READ  Bitcoin Tops $66,000, Hits High On Mainstreaming Excitement

    The official Busuulu rates set by the government are; a kibanja holder in a city pays USh50,000, municipalities USh40,000, in the town councils USh30,000, town boards USh20,000 and the villages USh5,000 per year.

    According to information on the BLB website, one pays USh1,600,000 to cater for registration and survey of the kibanja.

    Previous articleDaddy Andre Reportedly Chewing Bunyoro TV Presenter Sharot Karma
    Next articleBenjamin Ochan Returns As KCCA FC Goalkeeper
    Well experienced News writer and Editor. Devoted to telling the truth as is. Also a Website Designer, YouTuber, Photographer and Digital Marketing Consultant.