Real Estate & Land Transaction
Our firm seamlessly merges legal expertise with a profound understanding of the real estate industry in Uganda, guiding you through the intricate landscape of real estate transactions and investments.
In an ever-evolving real estate industry, navigating the complexities of real estate/ property transactions and other land-related legal matters requires expertise and precision.
Uganda has a well-established legal framework governing real estate. This framework is built on various laws and regulations, with the most prominent being the Land Act cap 227, Land Registration Act cap 230, and the Condominium Property Act of 2001. At Meritas Advocates, we are sufficiently equipped with expertise to guide you through these laws to ensure you fully understand your rights and responsibilities as a property owner or as an investor. Below are some of the specific areas that we handle in the real estate industry.
Property Acquisition and Ownership
When it comes to acquiring and owning property in Uganda, there are various tenures that you can acquire, these are, leasehold, freehold, mailo and customary land tenure. Understanding the differences and implications of each option is essential to making the right choice for your real estate investment. Our team of experienced lawyers can provide expert advice and support throughout the process of acquiring land.
Due Diligence & Conveyancing
Meritas Advocates specialises in carrying out comprehensive due diligence services for land, ensuring the utmost legal protection in property transactions. We among others carry out land title searches, surveys and transfers upon completion of the transactions. With our legal expertise and local insight in the real estate industry, your property investments are safeguarded and streamlined for your peace of mind.
Executing Real Estate Transactions and drafting Contracts
Whether you are buying, selling, or leasing property, having well-drafted contracts is vital to protect your interests. Our law firm specializes in crafting legally binding agreements that safeguard your rights and minimize risks associated with real estate transactions.
Land Disputes and Resolution
Unfortunately, land and property disputes can arise at any time. When they do, it’s important to have a legal team with the expertise to resolve conflicts efficiently and in your favour. We offer a wide range of dispute resolution services, including negotiation, mediation, and litigation.
Condominium Ownership
If you’re considering investing in a condominium property, we can guide you through the complex legal requirements associated with condominium ownership, from registration to governance and dispute resolution within condominium corporations.
Real Estate Taxation
Understanding the tax implications of your real estate investment is essential for financial planning. Our experts can help you navigate the tax landscape in Uganda, ensuring compliance and optimizing your tax strategy.
Foreign Investment in Ugandan Real Estate
For foreign investors, there are specific provisions of Uganda’s land laws that you need to be aware of when considering acquiring property in Uganda. We can assist in navigating the legal and regulatory aspects to make your investment journey a success.
As a firm, we have a track record of successfully managing significant transactions, including our representation of clients in the acquisition of substantial assets. For instance, we facilitated the purchase of 220 acres of land valued at 4,300,000,000 Uganda Shillings. Additionally, we were instrumental in the acquisition of a prime building located in the heart of Kampala City, valued at 5,700,000,000 Uganda Shillings.
We are currently helping a client dispose of an asset worth USD3,000,000 in a prime business and office space location in Kampala City.
