Pages Issue 1 Nov | Page 8

Land Banking Kenya Option is a registered Trademark and revolutionary product of Land Layby Kenya Ltd that enables buyers to control a block of land without any holding costs, no interest repayments and no borrowing. Kenyans are now able to lock in a price of a parcel of land they have longed to own and better still pay for it after several years. This product a Land Option grants the buyer the right (however, the buyer cannot be compelled unless otherwise stated) to buy the land from the vendor at a fixed price and a defined future date. The buyer hence pays a fee to compel the seller not only to hold the parcel of land for them but also to lock in the purchase price. This fee is a fraction of the value of the land and the process of ascertaining this fraction constitutes our proprietary information. Because of the huge risks to the seller, this fee (Option Fee) is non-refundable but can be assigned to a third party at a profit before the product (Land option) expires. For instance, if the buyer's circumstances change, they could transfer the option to buy and charge a fee higher than the original option fee. This process of assignment makes the concept - the next big thing after M-Pesa.

LAND LAYBY OPTIONS

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