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    Undertaking Conveyancing

    Uploaded by

    Tasha Faith
    1) Lily Rose & Company Advocates provides a professional undertaking to Haki & Company Advocates regarding the transfer of title for L.R No. 25164. 2) Lily Rose will hold the title transfer documents in trust until Diamond Bank pays Haki & Company Kshs. 100,000,000 within 14 days of registration. 3) Lily Rose undertakes not to use the documents for any other purpose except registration, and to return them if registration is not completed within 45 days or payment not made within 14 days of registration.

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    Undertaking Conveyancing

    Uploaded by

    Tasha Faith
    37 views3 pages
    1) Lily Rose & Company Advocates provides a professional undertaking to Haki & Company Advocates regarding the transfer of title for L.R No. 25164. 2) Lily Rose will hold the title transfer documents in trust until Diamond Bank pays Haki & Company Kshs. 100,000,000 within 14 days of registration. 3) Lily Rose undertakes not to use the documents for any other purpose except registration, and to return them if registration is not completed within 45 days or payment not made within 14 days of registration.

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    1) Lily Rose & Company Advocates provides a professional undertaking to Haki & Company Advocates regarding the transfer of title for L.R No. 25164. 2) Lily Rose will hold the title transfer documents in trust until Diamond Bank pays Haki & Company Kshs. 100,000,000 within 14 days of registration. 3) Lily Rose undertakes not to use the documents for any other purpose except registration, and to return them if registration is not completed within 45 days or payment not made within 14 days of registration.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views3 pages

    Undertaking Conveyancing

    Uploaded by

    Tasha Faith
    1) Lily Rose & Company Advocates provides a professional undertaking to Haki & Company Advocates regarding the transfer of title for L.R No. 25164. 2) Lily Rose will hold the title transfer documents in trust until Diamond Bank pays Haki & Company Kshs. 100,000,000 within 14 days of registration. 3) Lily Rose undertakes not to use the documents for any other purpose except registration, and to return them if registration is not completed within 45 days or payment not made within 14 days of registration.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    LILY ROSE & COMPANY ADVOCATES

    Advocates, Commissioners for Oaths & Notary Public


    Mirage Towers, 5th Floor, 4th Ngong Avenue,
    P.O. BOX 345- 00100
    NAIROBI.

    Email: [email protected] TEL: +254 729 856 173


    Our Ref: PU/045/19 Your Ref: TBA Date: 27th May 2019

    Haki & Company Advocates


    5th floor, Life Plaza
    P.O. Box 23-00100,
    NAIROBI.
    Tel: +254 723-573-684

    RE: TRANSFER OVER TITLE NUMBER L.R NO. 25164


    VENDOR:
    PURCHASER: DR. JANE WEMA SINGH
    The above matter refers.
    We act for the Diamond Bank Limited (our “Client”) who have agreed to grant a loan facility to
    the above named Purchaser. The facility is to be secured by a charge over L.R NO 25164 (the
    “Property”) and is to be partly utilized towards the settling the purchase price of the above
    referenced Property.
    Our Client will pay the sum of Kshs. 100, 000, 000/= to your client,( VENDOR) within Fourteen
    (14) days of receipt by us of the duly registered Discharge, Transfer and Charge from the
    Nairobi Lands Registry.
    In order for you to release to us the Original Title, the duly executed Transfer instruments and
    the Completion documents over the above mentioned Property, (hereinafter “the documents”) we
    now issue you with our unequivocal and irrevocable Professional Undertaking in the following
    terms: -
    1. THAT we shall hold the documents on trust returnable to you on completion of
    payment of the loan.
    2. THAT we shall not release the documents to any Advocate or person whatsoever
    (other than the District Lands Registrar for registration of the documents), for any
    purpose without first obtaining your written consent which will only be granted on
    such Advocate giving a professional undertaking in terms similar to the present
    one and on the undertaking that whether such Advocate complies with the
    undertaking or not, you will continue to hold us liable on our undertaking herein
    provided.
    3. THAT we will not make use of the documents for any purpose other than for
    stamping and registering the Discharge, Transfer and Charge at the Nairobi
    District Lands Registry.
    4. THAT within Fourteen (14) days of receipt of the completion documents from you,
    we will provide you with a copy of the application for registration
    5. THAT we will upon receipt of the Discharge, Transfer and Charge duly registered at
    the Nairobi District Lands Registry, notify you of such registration, provide you
    with the counterpart of the duly registered Discharge and Transfer together with
    confirmation that the sum of Kshs. 100,000,000/= net of all bank Charges without
    any deductions or withholdings whatsoever has been credited to your firm account
    within Fourteen (14) days of registration of the Discharge, Transfer and Charge. In
    this regard, we will exercise our best endeavours to ensure that the registration
    formalities are completed expeditiously. Confirm your firm account details for
    purposes hereof are as follows:
    Account name: Haki and Company Advocates
    Bank and Branch: DIAMOND BANK LIMITED, UPPERHILL BRANCH
    Account number: 28300984893
    6. That we will present for registration the Discharge, Transfer and Charge
    simultaneously such joint presentation being on the strict condition that if any of the
    said documents in favour of our Client is rejected, then, none of them should be
    registered.
    7. THAT if the registration of the said Discharge, Transfer and Charge is not effected
    within Forty Five (45) days from the date of receipt of the documents by you and/or
    payment is not effected within 14 days of registration of the Discharge, Transfer and
    Charge in favour of our client, then we shall upon demand, return the documents to
    you in the same condition in which they were delivered to us.

    Kindly confirm the terms. We await your response.

    Yours faithfully

    Lily Muriithi
    Managing Partner
    Lily Rose & Company Advocates

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