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Is Dividing a 100x100 flat plot by three wise?
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GalMU
#1 Posted : Thursday, May 02, 2013 1:09:00 PM
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Joined: 1/4/2013
Posts: 35
Okey new &small money describes me at (26yrs).I want to start building my home next year. since I have very small money I was thinking dividing a 100x100 plot between three of my friends to easen the burden of purchase would it be possible to build in the resulting plot...30X100? has anyone built in such so i can see practically? Many thanks
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Bigchick
#2 Posted : Thursday, May 02, 2013 2:20:08 PM
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Joined: 2/8/2013
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Location: At Large.
Subdividing means getting individual titles.Is that size allowed in your area? Not heard of 30 × 100 except in commercial plots. 2 (50×100) sound ideal and will give you room to be creative on the design.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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vky
#3 Posted : Thursday, May 02, 2013 3:30:34 PM
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Joined: 6/17/2010
Posts: 572
Go vertical, get your pals to share your building idea then form a holding company and list you and your pals as the directors, transfer the title to the company, build a two storey apartment where you and your pals will have a floor each then register each floor under the sectional properties Act, each of you will get a title then you can kill the company or let it run to manage the common areas
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Museveni
#4 Posted : Thursday, May 02, 2013 3:48:55 PM
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Joined: 8/16/2012
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Have you been to Mwalimu @Marty's thread ? Here: The power of financial education:Of Certificates and Ballots
Quote:
I have also witnessed interesting cases especially in Ruiru (Murera Area) where guys subdivide land into tiny plots measuring 60ft by 40ft and sell using certificates. What purchasers should know is that you can never get a title with that size of a plot around that area. In fact the smallest piece you should buy must be a minimum 40ft by 80ft or equivalent area. My advice is that we avoid these certificates at all cost.
There is a trove of info in that thread you will be forever grateful to ever come across. Please take your time to go through it. It will provide answers to questions you haven't even asked. Many Wazuans will echo that am sure.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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digitek1
#5 Posted : Thursday, May 02, 2013 4:17:40 PM
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Joined: 2/3/2010
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Location: Kenya
you can put all your 3 names in the title. But the resulting plot will be sufficent for a small house with small yard esp if you do one story
I may be wrong..but then I could be right
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majimaji
#6 Posted : Thursday, May 02, 2013 4:30:59 PM
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Joined: 4/4/2007
Posts: 1,162
remember subdivision means you have to allow for access roads and other services wayleaves. even if it was possible to subdivide a 100x100 plot, it would be a challenge to provide access roads vis a vis other plots
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GalMU
#7 Posted : Monday, May 06, 2013 10:09:36 AM
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Joined: 1/4/2013
Posts: 35
Many thanks Wazua family for your wisdom and advise. I will go with the vertical idea,that way the 100X100 will leave a playground for children etc. Have a productive week ahead.
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dunkang
#8 Posted : Thursday, May 09, 2013 8:51:55 AM
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Joined: 6/2/2011
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Location: -1.2107, 36.8831
GalMU wrote:
Okey new &small money describes me at (26yrs).I want to start building my home next year. since I have very small money I was thinking dividing a 100x100 plot between three of my friends to easen the burden of purchase would it be possible to build in the resulting plot...30X100? has anyone built in such so i can see practically? Many thanks
It is more than adequate for a 3 bedroom one storey massionette with an SQ and 2 cars parking and an acceptable backyard. If you can download the Greenspan Estate floor plan, the 3 b/r massionettes are built on 25 by 70 ft plots. The only hurdle will be the council approvals if its in a controlled development single dwelling area.
Receive with simplicity everything that happens to you.” ― Rashi
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  | | Edit by user: Thursday, May 09, 2013 11:58 AM | Reason: Ground floor plan
Rahatupu
#9 Posted : Thursday, May 09, 2013 9:22:26 AM
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Joined: 12/4/2009
Posts: 1,982
Location: matano manne
At 26, i would advise you postpone the building idea for a while (since you say money is a challenge). Get some productive ideas to do on the plot e.g green house farming for a while to accumulate funds to build, or alternatively look into doing low cost rentals for a while (mabati kind of thing) for 3-5 years and this way the plot gets to "build itself".
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tom_boy
#10 Posted : Thursday, May 09, 2013 9:41:00 AM
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Joined: 2/20/2007
Posts: 767
vky wrote:
Go vertical, get your pals to share your building idea then form a holding company and list you and your pals as the directors, transfer the title to the company, build a two storey apartment where you and your pals will have a floor each then register each floor under the sectional properties Act, each of you will get a title then you can kill the company or let it run to manage the common areas
For those in the know, what are the costs of transfering land title from an individual to a company whose director is the individual .... as in it is not a sale. A related question, if I have title to a piece of land and I want to attach someone else to that title to make it joint property, is it possible. I am more interested in knowing the fees payable in these two scenarios and the process if possible.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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