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This document is a Sale of Land Agreement dated May 2, 2023, between vendor Dancan Otieno Ogutu and purchaser John Ochieng Adika for a land parcel measuring approximately 0.1Ha at a price of KSH 80,000. The vendor agrees to transfer the land without encumbrances and acknowledges receipt of the full payment. In case of default by either party, the defaulting party is liable for 30% of the consideration as liquidated damages.

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6 views2 pages

Sam

This document is a Sale of Land Agreement dated May 2, 2023, between vendor Dancan Otieno Ogutu and purchaser John Ochieng Adika for a land parcel measuring approximately 0.1Ha at a price of KSH 80,000. The vendor agrees to transfer the land without encumbrances and acknowledges receipt of the full payment. In case of default by either party, the defaulting party is liable for 30% of the consideration as liquidated damages.

Uploaded by

shad kojwang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SALE OF LAND AGREEMENT

The agreement is made this day 2nd MAY 2023 between DANCAN OTIENO OGUTU of
ID/NO 31212916 of P.O. BOX, 39 RONGO herein referred to as the ’’VENDOR ‘’whose
expression shall where the context so admit to include their assigns, heirs or any other person
claiming their name on the other part and JOHN OCHIENG ADIKA ID/NO. 33224909 of
P.O BOX. RONGO herein referred to as the ‘’PURCHASER’’ whose expression shall where
the context so admit assigns, heirs or any other person claiming under their name on the other
part.

IN WHEREAS it is agreed between the two parties as follows:

1. That the parties have mutually agreed on the aforesaid sale consideration.

2. The land be sold and bought at KENYA SHILLINGS EIGHTY THOUSAND ONLY
(,KSHS.80, 000]

3. That the said land KAMAGAMBO/KOLUOCH/4597 is registered in the name JARED


OTIENO JUMA (alive) who happens to be the administrator and the owner DANCAN
OTIENO OGUTU is selling part of it measuring approximately 0.1Ha.

4. That the VENDOR mentioned above is desirous to transfer part of the land measuring
approximately 0.1Ha of the mentioned parcel to the buyer and the buyer is willing to buy the
same at a consideration cost of KENYA SHILLINGS EIGHTY THOUSAND ONLY
[KSH.80, 000].

5.To date the PURCHASER pays KENYA SHILLINGS EIGHTY THOUSAND ONLY
(KSHS. 80,000) to the vendor under which is to sign this agreement and the VENDOR
acknowledges its receipt therefore no remaining balance.

6. That the vendor undertakes to sign all manner of documents relevant to transfer of the said
land parcel number KAMAGAMBO/KOLUOCH/4597 to the PURCHASER without any
encumbrances.

7.In the event of any default by either party in completion of transfer or fulfilling any of the said
above conditions the defaulting party shall apart from indemnify the innocent party as the
circumstances may then reasonably require either before the transfer or after the transfer be
further liable to pay the innocent party 30% of the consideration as liquidated damages for
breach of this agreement and should the party in breach be the vendor he or she shall in addition
refund all the monies already paid to him interest thereon at commercial rate.

This agreement is signed by the parties here to the day and year written above.
SIGNED BY THE VENDOR

DANCAN OTIENO OGUTU ID/NO 31212916 SIGN……………

SIGNED BY THE BUYER

JOHN OCHIENG ADIKA ID/NO 33224909 SIGN……………….

WITNESSES

JARED OTIENO JUMA ID/NO 24446141 SIGN……………

FERDIANAND OUMA OGUTU ID/NO 29998829 SIGN……………

GRACE ATIENO ODUONG ID/NO 30851489 SIGN…………

DRAWN BY

RAYMOND JANAN L. OGWE

ADVOCATE

P.O BOX 100928 00101

NAIROBI.

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