CONVEYANCING.

MINUTES OF FIRM 23’S MEETING HELD ON 7TH MAY, 2019 AT 1.45 PM AT MOOT COURT TWO.

MEMBERS PRESEENT

1. ELIZABETH GATHONI NJUGOUA 20191184

2. KIRUI ISAIAH 20190163
3. ESHTER WANJUGU MARIGA 20191739
4. NDIRANGU WILLIAM MWANGI 20191748
5. ABIGAEL CHEBET NGALA 20190226
6. MWAI GORDON OTIENO 20191280
7. PETER WAMBUGU MUREITHI 20190119
8. KAIRO IVORY MUKAMI 20190701
9. SHEILA CHEPKOECH KIPTOO 20190886
10. MUKOYA FAITH MARTHA 20190095

ABSENT WITH APOLOGY.

11. MUCHABI DAMARIS WALKER 20190422

AJENDA.

1. PRELIMINARIES
2. MEMBERS SUBMISSIONS BASED ON THEIR FINDINGS
3. AOB
MINUTES

Min 1 /21: PRELIMIARIES.

The group leader call the meeting to order at 1.45 pm where she welcomed all the members present,
and give an apology of the members who were absent with apology.

MIN2/7/ : ADVICE ON PRE-CONTRACTUAL STAGE.

Mwai Otieno discussed with the members his findings on the need to do due diligence by investigating
the title through search, requisitions, physical inspection of the property .

MIN3/7: ADVICE ON CONTRACTUAL STAGE.

Kirui Isaiah submitted that the parties must have written contract for the sale of land in conformity with
the Law of Contract and the Land Act of 2012, executed and attested by a witness. It was discussed
about the essential contents (clauses) of the agreement for the sale of land.

MIN4/7: ADVICE ON HOW THE CLIENT IS TO APPROACH THE BANK FOR A LOAN.
Esther enlightened the members to the effect that, it’s by way of power of securitization that Bank can
be approached via letter of offer, where after successful registration of a charge the land becomes
encumbered.

MIN5/7: ADVICE ON THE REQUIREMENT OF UNDERTAKING

Sheila informed the members that professional undertaking is necessary before the bank could release
the loan .it also allow the vendor to consent to transfer before completion.

MIN 8/7: ADVICE OF NATURE OF CHARGES

Peter submitted that charges are registered as an encumbrance on the land. Thus, client should be
aware that it is a restriction against dealing with encumbered land without consent of the chargee.

MIN.9/7: ADVICE ON REMEDIES AVAILABLE FOR CHARGEE &CHARGOR

Ndirangu noted that chargee has more protection than chargor including selling the property, leasing,
appoint a receiver while chargor can sue for breach of professional undertaking if loan isn’t released.

MIN10/7: ADVICE OF ISSUES OF MANAGEMENT COMPANY

Ivory submitted that management company is critical in relation to the developed property .it acquires
all the shares and lease out to the purchasers.

MIN11/7: HOW OFF-PLAN SALE IS DONE

Gathoni and Abigail submitted as to the requirement that parties shall enter into agreement for the
purchase of undeveloped property and purchasers should pay deposits.
MIN 12/7:AOB

There being no other business, the meeting was adjourned and the next meeting was scheduled.

MINUTES BY, CONFIRM BY FIRM LEADER.

Mr kirui Isaiah

Date.7TH MAY 2019