Form LRA 63 - Transfer of Lease

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Document Overview

It is the official form used to transfer a lease from one party (the transferor) to another (the transferee). In simple terms, it documents when a lessee (tenant) who holds a registered lease decides to assign or transfer their leasehold interest in land or premises to another person or entity.

The purpose of this form is to:
1. Legally record the transfer
2. Capture essential details of the transaction, such as:
- Title number.
- Date of transfer.
- Transferor(s) and transferee(s) details.
- Consideration (purchase price or other value exchanged).
3. Protect both parties’ interests by ensuring:
- The transferee acquires all rights, title, and interest of the lease.
- The transferor acknowledges receipt of the agreed consideration.
4. Ensure compliance with Kenyan land law
5. Enable registration at the Land Registry

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Form LRA 63 - Transfer of Lease

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