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Converting Share Certificate into Lease at Lands Office
kenstat
#1 Posted : Friday, October 22, 2010 8:35:20 PM
Rank: New-farer


Joined: 12/31/2009
Posts: 43
Location: Tundra
Folks,


My mzee has this house on share certificate that he bought back in the 90s. I've been helping him convert the thing to rentals since he's moving to reserve.

My banker was curious with the activity going through my account. I told him what I was doing. He suggested I convert the share certificate into a lease at the lands office, so I can use the plot/house as security if I ever need to. I have never heard of this before. I always thought all I could get out of the place is rent and my maney when I sell out.

Has anyone ever done this before? Any impressions? Enjoy the weekend.
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