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FORM A

SERVICE COMMENCEMENT FORM

SECTION I: INCEPTION

DETAILS NAME
File Ref BASEL/IND/142/17
File Name Property Combination Services.
Client Contact Person: Name: George Namasaka Sichangi
Email: mzg@sichangigroup.com
Telephone: 0722-305-501
Subject Purchase of Apartment 3027, Greatwall Gardens, Phase 3.
Parties Erdemann Property Limited (the “Vendor”) to Property
Combination Services (the “Purchaser”).
Practice Group BASEL
Area of Practice Real Estate
Open Date 19/12/2017
Current Lawyer Handling Pauline Kanyike & Macduff Omondi.

SECTION II: SERVICE OPERATIONS

TASKS OUTPUT REMARKS ANNEXURE ESTIMATE


OF COSTS
A. BOOKING OF PROPERTY
Purchaser to book  Erdemann Complete PCS 1(a) and (b) Nil
the Property upon Property Limited
payment of the Project
requisite fees of Application
Kshs. 10,000/- Form together
with the
corresponding
Booking Fees
Receipt for Kshs.
10,000/- i.n.o.
Emma
Mulimangila
dated 18th
December, 2018.
B. TRUSTEE SERVICES AGREEMENT IN RESPECT OF EMILIO TRUST
Preparation of  Engrossed and In Progress TBA As per Fee
Trustee Service duly stamped Note
Agreement Agreement.
C. NEGOTIATION OF LETTER OF OFFER
 Procure draft  Engrossed and In Progress PCS 2 As per Fee
Letter of Offer duly executed Note
from the Vendor. Letter of Offer.
 Provide
comments on the
Letter of Offer.
 Procure
execution of the
final Letter of
FORM A

Offer.

 Payment of the  Proof of Complete PCS 3 (a), (b) and


Purchase price Payment of (c).
of Kshs. Purchase Price of
3,900,000/- by Kshs. 3,900,000/-
the Purchaser.
D. DUE DILIGENCE
 Conduct Pre-  Original Pre- TBA TBA TBA
registration registration
Search on the Search on the
Property. Property
(mother title).

E. NEGOTIATION OF SALE AGREEMENT


 Procure draft  Engrossed and TBA TBA As per Fee
Agreement from duly executed Note.
the Vendor’s Sale Agreement.
Advocates.
 Provide
comments on the
Sale Agreement.
 Procure
execution of
engrossed Sale
Agreement.
F. PROVISION OF DOCUMENTS BY THE PURCHASER
Purchaser to avail Copies of: Complete TBA Nil
their official  Certificate of
documents relating Incorporation
to the Company. of PCS;
 PIN Certificate
of Company
and directors;
 National ID
cards of the
Directors of
PCS.
G. PERFECTION OF THE LEASE
 Procure draft Engrossed and duly TBA TBA Costs to be
Lease from executed Lease. paid to
Vendor’s Vendor’s
Advocates. Advocates
 Review the including all
Lease to ensure costs.
that the
Purchaser is
properly
protected.
H. PROCURING PROPER TITLE
Procure registration  Duly executed, TBA TBA As per Fee
FORM A

formalities and stamped and Note.


obtain proper title registered Lease
over the Property. (original and
counterpart);
 Original Stamp
Duty payment
receipt and
deposit slip in
respect of the
Lease;
 Certified copy of
Valuation for
Stamp Duty
duly endorsed
by Chief
Government
Valuer;
 Certified copy of
Land Rent and
Rates Clearance
Certificate and
the Management
CompanyNation
al Land
Commission’s
Consent to
transferLease the
Apartment;
Copies of
Vendor’s and the
Management
Companies
Certificates of
Incorporation
and
memorandum
and articles of
association;
Copy of the
Vendor’s and the
Management
Companies PIN
Certificates;
Share Certificate
in the
Management
Company; and
 Certificate of
practical
completion
issued by the
Architect
 Certificate of
Occupation
FORM A

issued by
Machakos
County.
I. FORWARDING OF TITLE DOCUMENTS TO CLIENT
Do a Letter to the Complete TBA TBA Nil
Purchaser documents as above.
forwarding the Title
Documents.

SECTION III: FINANCE

DESCRIPTION BILLING (Kshs.) DEPOSIT DEPOSIT


REQUESTED PAID

Deposit Request Legal Fees (Purchase of Kshs. 225,424/- Kshs. Nil


Note dated Property). 125,000/-
20/12/2017
Legal Fees (Trustee Services) Kshs. 80,000/-

VAT Kshs. 29,024/-

Pre-registration searches Kshs. 5,000/-

Disbursements Kshs. 10,0000/-


Prepared by: SO/RM/MO Approved by:
Date: 24th January, 2018 Date:
Sign: Sign: