Under the constitution, the different methods of acquisition of titles to land are clearly stated as follows.

    (a) allocation;

    (b) land adjudication process;

    (c) compulsory acquisition;

    (d) prescription;

    (e) settlement programs;

    (f) transmissions;

    (g) transfers;

    (h) long term leases exceeding twenty one years created out of private land; or

    (i) any other manner prescribed in an Act of Parliament.

It is under this section of the constitution that Wankim Investments has modeled its policies and steps when making any acquisitions and sales of property. The following is a step by step guide of how you can acquire land through Wankim Investments.

Identification

You must first find out that through Wankim Investments, you may be able to acquire property. Through our various marketing tools like brochures, boards and website, you may come across a piece of land that you may be interested in. 

Get in Touch 

There are many ways of getting in touch with Wankim Investment. It is always faster if you call or e-mail, but you can also reach us via Post, Social Media or visiting our conveniently placed offices. 

Site seeing

The prospective purchaser will be taken to the site where the particular land he or she is interested in is for further investigation and perusal. We insist of taking this step to instill confidence and ensure that the purchaser will have little or no regrets. It is at this point in many cases that the final decision from the purchaser is made.

Negotiations 

The value of the various parcels under Wankim Investments is normally set and stated in our publications, or quoted by our personnel during the initial contact. These values are negotiable however, and in many cases, an agreement will be imminent at this point. Payment terms are also agreed, for instance if the purchaser is going to pay by cash, or through a bank loan. If the payment will be made in installments, the agreement is also made then.

Sale agreement 

A sale agreement is then drawn, and will include

• ·         Particulars of the vendor and purchaser (Names, ID numbers and other personal details)
• ·         Acreage and value of the land
• ·         Payment terms as agreed between vendor and purchaser, including installment period
• ·         The agreement will be witnessed by the vendor’s lawyer

Land Search 

While the sale agreement is being drawn, a land search will be conducted at the Lands Office to establish

• ·         Owner of the land and particulars
• ·         Any irregularities or disputes tied to the land, for instance if it is tied to a bank loan 

Valuation 

For purchasers planning to pay through a bank loan, the value of the land will have to be verified by surveyors

Application for consent to transfer 

Once the payments have been made, the vendor will make an application for consent to transfer the land at the lands office. The vendor will attach a copy of the title as well as particulars of both the vendor and purchaser. 

Approval and transfer

Once the application for consent to transfer has been approved by the lands office, the transfer will be done at the lands office. The vendor and purchaser will be required to provide

• ·         3 passport size photos
• ·         Copy of ID and PIN
• ·         The original title
• ·         Consent letter
• ·         Spousal consent or sworn affidavit for single vendors
• The above documents and details will be filled and attached to the transfer form. 

Completion 

At Wankim Investments, we take the trouble of following up on the new title, which will be collected and issued to the purchaser.