To sell land in Senegal, it is important to follow certain key steps to ensure that the transaction is carried out legally and in full compliance with the country's laws.
Prepare the necessary documents for the sale:
Before you put your land up for sale, make sure you have all the documents you need to prove your ownership of the land. The land deed is the most important document, but it's also a good idea to gather together any other documents that can prove your ownership, such as purchase invoices or paid property taxes.
Finding a potential buyer and negotiate the sale price:
Once you have prepared the necessary documents, you can begin to find a potential buyer for your property. You can use online advertisements agents or simply ask your network of acquaintances if anyone is interested. Once you've found a potential buyer, you'll need to negotiate the sale price of the land. It's important to take into account not only the value of the land and its location, but also any improvements or work you've done on it.
Drafting a deed of sale:
Once you've found a buyer and agreed a sale price, it's time to draw up a deed of sale. The deed of sale is an official document that describes the terms and conditions of the land sale. It must include the following information: the names and contact details of the parties involved in the transaction (seller and buyer), a description of the land (its location, surface area, characteristics), the agreed sale price, the date of the transaction and the signatures of both parties.
Register the deed of sale with the tax authorities:
Once the deed of sale has been signed by both parties, it's important to register it with the tax authorities. This ensures that the land sale is legal and officially registered. To register the deed of sale, you'll need to provide the following documents: the deed of sale, the plot plan and the administrative deed. You will also need to pay a fee of approximately 10 % of land value.
Terminate lease (if applicable):
If you have signed a lease for the land you are selling, it is important to terminate the lease before proceeding with the sale. To do this, you'll need to take the necessary steps with the lessor and submit all the documents required to terminate the lease. If you do not terminate the lease before the sale, the purchaser of the land will become the new lessee of the lease and will be bound by the terms of the lease.
It is important to follow these steps when selling a fieldwork in Senegal to ensure that the transaction is carried out legally and in full compliance with local laws. By following these steps, you should be able to sell your land safely and trouble-free.