Form LRA 64 - Lease (Long Term)

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Document Overview

It is the official instrument used to create and register a long-term lease over land or property. The form records the agreement between a lessor (landlord/owner) and a lessee (tenant/occupant) granting exclusive possession of defined premises for a specified period, subject to agreed terms such as rent, service charge, and other conditions.

Key components in the form include:
1. Title number of the property.
2. Date of lease.
3. Lessor and lessee details.
4. Description of the demised premises (including floor/sectional plans where applicable).
5. Lease term (duration).
6. Rent or stand premium.
7. Service charge and management details.
8. Execution section with witnesses, guarantors, and certifications under Section 45 of the LRA.
9. Verification by a certifying officer and final registration by the Land Registrar

The purpose of Form LRA 64 is to:
1. Create a legally binding long-term lease in compliance with the Land Registration Act.
2. Provide an official record of the rights, obligations, and interests of both lessor and lessee.
3. Ensure enforceability of lease terms
4. Facilitate registration of the lease in the land register
5. Protect parties’ rights by requiring execution before witnesses, certification of identity, and registration with the Land Registrar.

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Form LRA 64 - Lease (Long Term)

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