Frequently Asked Questions

  1. What is Land Options?

    This is a product where the buyer is granted a right (but not the obligation unless stated otherwise) to buy the land in Kenya (or any other country as specified in the Option Contract) at a fixed price and a specified future date. The buyer hence pays a fee (option fee) to compel the seller to hold the parcel of land for them at a certain agreed price. The fee is normally a fraction of the value of the land and is the only assurance to the seller that the buyer is committed. The seller can be granted such selling rights by the buyer if the buyer accepts a fee offered by the seller. If this is the case, the buyer will have an obligation to buy if the seller decides to sell the property.

  2. How will I profit from Land Layby Inc?

    Buying land on the outskirts of a big city and waiting until residential developers make it appreciate in value is a common practice worldwide. This strategy requires a lot of capital, patience and knowledge. Since Capital requirements are huge and the process demands prior experience, it is only practiced by wealthy groups. Land Layby Inc further narrows the trust gap by lowering the risks that US residents are subjected to while buying land back home. The Company offers the transparency that emanates from Companies operating in a highly regulated environment like the US. Consequently, we have now revolutionized this market and are bridging all the gaps to land investments in Kenya including geographical barriers. We can now deliver confidence in this opportunity to book a block of land in Kenya, while still living in diaspora and be assured the land is on the pathway of development.

  3. Why pass on some of the equity created to me?

    The Proceeds from sale of options enables us to engage in other development projects as we wait for the land options to be exercised. This enables us to increase our sales and avoid huge expenses that result from borrowing from the financial institutions.

  4. Why pay the option fee?

    Payment of the option fee is the only assurance Land Layby Inc has that buyers of a land option will exercise the option.

  5. Is the option fee refundable?

    No it is not. The option can however be assigned to a third party at a fee greater than original option fee. The process of assignment is defined in the product contract.

  6. What is original option fee?

    The initial amount of money paid as option fee by the first Buyer.

  7. How and when could one resell the option?

    You can assign your option to anyone at a fee greater than the initial purchase price at any time before product expiry or as defined in the product contract as long as it is fully paid. You cannot alter the product strike price. As the product approaches the settlement date, demand is likely to become more active since the initially pre-developed land appears more developed and is more appealing to the risk averse investors.

  8. What does Land Layby Inc use option fees for?

    The Parent Company in the Country where the land exists has numerous costs associated with pre developed land acquisition. The list is not exclusive but may include costs related to acquisition of land, marketing costs, administrative costs, land holding costs, costs related to development of roads as well as subdivision of land etc.

  9. Why wait for several years before to settling the purchase price?

    Buying Land Options products locks-in the property’s purchase price with just a fraction of the value of the property. One has the advantage of using the rest of the funds for other investment.. If one is considering finance for land purchase, it is important to note that use of Land Option products does not require finance. This saves our clients bank interest repayments, which can be costly.

  10. How will I profit?

    Buyers pay an option fee to lock the price and will be entitled to all equity generated before expiry of the option. Land value in the pathway of development always appreciates.

  11. Are estimated potential profits guaranteed?

    As with any investment, we recommend that buyers obtain their own valuations and appreciate that high returns also correlate to low risks i.e. in the event the market falls, you have only committed a fraction of the price and can get out without losing the ‘whole’ purchase price.

  12. Why does Land Layby Inc sell options?

    Selling land options gives Kenyans and non-Kenyans an opportunity to commence land ownership process by payment of a portion of the purchase price. This process reduces the period of time Land Layby Group and its subsidiaries’ funds are committed into a particular development. It also means we are able to commit to sell all our projects at inception. It is for this reason the buyers of the product are allowed to share profits from land value appreciation.

  13. Do the blocks of land have titles?

    All blocks of land available for sale have land titles. In instances where the individual titles are only proposed and anticipated, the parent title is available. The buyers of these land options of pre-developed land in the process of subdivision approval are notified prior to signing the Option Contract and Agreement for Sale. This happens time to time especially when demand for product is high and the proposed subdivision process is slow for one reason or the other.

  14. Who owns the blocks of Land?

    Land is owned by the Parent entity, Land Layby Kenya Ltd and or its equity partners. Because of our reputation and brand confidence, some individual land vendors in Kenya choose to partner with Land Layby Kenya, the pioneers of Land Layby systems in Kenya. We may from time to time sell authentic land products on behalf of our partners.

  15. Who owns Land Layby Inc?

    Land Layby Inc is an entity incorporated in the United States of America as a Private Limited Company, a subsidiary of Land Layby Holdings Kenya Limited.

  16. Is Land Layby Inc affiliated to any not for profit organization?

    Land Layby Inc seeks to participate in vibrant Corporate Social Responsibility projects. The company achieves this through Childland Australia, a charity organisation registered in Australia to help fund projects that promote child entrepreneurship.

  17. What is the completion date following option exercise?

    Completion period from the signing of the Sale Agreement until payment of the balance of the purchase price in exchange for title documents is usually between 30 days to 90 days.

  18. Do you have a dispute resolution process?

    Disputes are resolved by an Alternate Dispute Resolution mechanism where an Arbitrator is appointed if the parties fail to resolve a dispute within 7 days after a notice of dispute is given.

  19. Is there right to require rectification or right to terminate?

    Land Layby has the right to terminate the contract if there is a breach by the purchaser and rectification is at the discretion of Land Layby Inc where the purchaser is in default. If there is a dispute between the parties, then the Alternate Dispute Resolution mechanism applies.

  20. What happens if I default instalment payment of option fee?

    If an instalment payment is missed, all previous payments are forfeited and the option contract is at an end.

  21. Are there any developmental risks?

    Land Layby Inc transacts blocks of land that have or are in the process of getting land titles. Land Layby Inc does not develop any land. Appreciation in land value is a factor of surrounding infrastructure developments and overall area development performed by both individual developers and private corporate developers, hence is no foreseen developmental risks.

  22. What is strike price?

    The price agreed by both buyer and seller. This price is fixed after paying option fee and only changes on contract expiry if the buyer does not exercise their right to purchase the land.

  23. What does “exercise the call option” mean?

    One will Exercise call once they notify Land Layby Inc their intention to complete purchase of land whose strike price was previously reserved by signing and consequent payment of option fee. Land Options can only be exercised during Call Option Period which is normally 60 days before expiry of the option for Chanuka products or as defined in the product contract.