Buying a plot that is on a land claim
Please assist as i am planning to buy a plot and just recently found out that it has a land claim on it.Should i continue with it.and if so what will i be liable for if the land claim is approved after buying the property?
Hello. Buying a plot that has a claim carries a risk. The land claims commissioner will be notified of any such sale, may correspond on the matter and give direction. If the sale goes ahead and later the claim succeeds, the land claims commissioner will determine fair value for the property through a process of negotiation and valuation, so that you will be compensated by the government. I will advise that to be on the safer side and for your own peace of mind, you find an alternative plot free of any claim.