BASIC STEPS TO FOLLOW IN THE PURCHASE OF PRIVATE LAND IN CAMEROON
The steps could be divided into three – the pre-contracting stage, the contracting stage and the conveyancing stage. We shall examine each of these stages in this article.
I – THE PRE-CONTRACTING STAGE
At this stage, it is necessary to carryout basic inquiries about the parcel of land intended to be purchased. These inquiries could be carried out at the land’s registry in view of a certificate of proprietorship, court registry, at the palace of the traditional ruler in that area and the owners of other parcels of land sharing boundaries with the land in question. They include:
II – THE CONTRACTING STAGE
III – CONVEYANCING STAGE
In Cameroon this is governed by Decree Number 79/017 of January 13th 1979 relating to private real property transactions
The Notary fee in in the sale and purchase of landed property is fixed at 10% of the purchasing price.