Description

CONVEYANCING

Question One

Kamau and Mumbi Ivy of P. O Box 600 — 00510 Karatina wishes to buy a house known as Growers Paradise.

The house is registered in the name of Dr. Kavinya Omwweri and her husband Prof. Githurai Kimbo of P O Box 754 00710 Ruiru. They are registered as joint proprietors.’ They currently occupy the house. Growers paradise is registered at the District Lands Registry under title no. Nyeri Kabiruine 11/25. The agreed purchase price is 2 million subject to the contract. The price includes household goods. Kamau and Ivy Mumbi would like to buy the house with vacant possession. They are represented by Kidum Kaliech and company advocates who are located at Kitanga Road Nairobi. Current search indicates that there are no restrictions or encumbrances on the title. The property is a leasehold for 99 years from 1970. The annual rent is Ksh. 5,000. The rent has not been paid since 1990. The completion date is 90 days upon execution of agreement for sale. Deposit is 10% of the purchase price.

Required:

Draft a sale Agreement                                                              (25 marks)