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Form LRA 57 - Transfer of Charge

Document Type
DOCX
Pages
4
Price: KES 200
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Document Overview

Form LRA 57 is the official instrument used when a Chargee (lender or financial institution that holds a charge/mortgage over land or property) transfers their interest in that charge to another party (the Transferee). The Chargor (borrower or property owner who gave the charge as security) is also noted in the process.

It captures:

Title Number of the land/property.

Details of the Charge(s) being transferred (date, entry numbers).

Transferor (original chargee) details.

Transferee (new chargee) details.

Chargor details and confirmation of outstanding amounts.

Consideration (the amount paid for the transfer).

Execution by attorneys, chargee, transferee, and chargor.

Certification by an advocate or authorized witness.

Registration and sealing by the Land Registrar.
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