You are on page 1of 1

Completion documents (excluding the transfer) for sale agreements drafted by Firm 3

and 6. Note to include the Undertaking to be provided by the Purchaser's financier for
firm 6's transaction

At the point of completion, the purchase is to deliver the balance of the purchase
price and the vendor is to deliver possession of the completion documents.
The date of completion must be stated, including whether or not time is of the essence. The c
ontract must provide for a place of completion – ordinarily at the vendor’s advocates office.
Where the sale is being financed by a financier, e.g. a Bank, a Professional Undertaking is
given instead of money/a cheque (i.e. a Professional Undertaking in place of the balance of
the purchase price).
Some completion documents include: the original Title Deed to the property; a
duly executed (but undated) transfer form – in triplicate – in favour of the purchaser/
nominee; copies of the IDs, PIN certificates and passport coloured photos of the parties; valid
Rent Clearance and Rate Clearance certificates; consent to transfer from the relevant
authorities; a duly executed discharge of charge (in triplicate), stamp
duty valuation forms, etc.

DELIVERABLES – COMPLETION DOCUMENTS
(i)             Original Title documents;
(ii)            Transfer duly signed and executed;
(iii)            Land Rent Clearance Certificate + Original Land Rent payment receipts (for lease
hold titles only);
(iv)            Land Rates Clearance Certificate + Original Land Rate payment receipts (for muni
cipal/urban properties of both a leasehold and freehold nature, provided a local government a
uthority has levied land rates on the property)
(v)            Copy of Capital Gains Tax (‘CGT’) Payment confirmation + CGT Slip;
(vi)            Relevant consents applicable to the transfer, including:
a.        Consent of the Commissioner of Lands over leasehold interests;
b.       Consent of the Land Control Board for agricultural land obtained in pursuance of the L
and Control Act;
c.        Consent of any chargee or mortgagee having an interest in or over the property;
d.       Consent of any statutory authority necessary (e.g. KPC, KAA, KCAA, etc.);
(vii)            Notice of withdrawal of a caveat or caution (if there were any third parties
with an interest in the property)
(viii)            Copy of the ID’s, PIN Certificates and Certificate of Incorporation (if a company
) of both the parties;
(ix)            Copies of 3 coloured photographs of the parties (or the Directors of the company, 
where applicable)

You might also like