Land is a valuable asset to own as its value increases over time. It is then important to make sure that you take all the required and appropriate steps with the land agencies to avoid disputes. Registering land gives you full rights over the land and its development, so make sure to do it right. Find below steps to take before you register land.
Make sure to carry out thorough checks about the land. You can consider the services of a land lawyer to do the check and research on the land and prove its availability. Conduct checks with government land overseers to establish if the land has been earmarked for any developmental projects.
Acquisition and Negotiation
Once you confirm the availability and suitability of the land, you can begin negotiations. Be mindful that you need to be dealing with the rightful owner of the land. Note going through a middleman is not advisable.
After the agreement, make three copies of the agreement document. A land lawyer will need to endorse the agreement documents. Each copy of the agreement must have a copy of the site plan attached. You will also need to have two extra copies of the site plan. The buyer and owner of the land must sign and endorse the back of the site plan. A licensed land surveyor and regional surveyor will then certify the site plan by stamping on it.
The law requires that the buyer and the landowner have at least two qualified people to sign as witnesses. The purpose is to testify to the proceedings taking place in the event of any case or challenge of ownership about the land.
Once you endorse all the documents, you send them to the lands commission together with a processing fee. This is so the processing and registration of the land begins. After processing, the Land Valuation Board get the documents to stamp and certify.
The Internal Revenue Service handles taxes associated with the registration process. The IRS gets the documents for tax clearing of the land. Once complete, you (the buyer) get a tax clearance certificate which you send to the lands commission for final registration at the deeds registry.
At the deeds registry, you get an original copy of the land title document.
If you follow the process listed above accurately, you are assured of no land issues and should be the proud owner of a piece of land in Ghana. Keep the land title document in a safe and secure place.