“Landlords grow rich in their sleep.” ― John Stuart Mill, English philosopher and political economist.
Wholeheartedly concurring with the sentiment expressed above, It is worth challenging the notion that real estate is a slow investment. In fact, we assert with confidence that real estate proves highly profitable for the discerning, patient, and forward-thinking investor. The key to embarking on a successful real estate venture in Cameroon, after securing funds, lies in acquiring properties with a focus on land acquisition.
In Cameroon, different lands are available for purchase, each with each having their own unique characteristics. However, caution is paramount during the land acquisition process to prevent loss or protracted litigation.
Two primary categories of land exist in Cameroon: Registered Land and Unregistered Land.
1. Registered Land (Land Certificate):
The most secure form of land ownership is through a land certificate. According to Decree No. 76-165 of 27th April 1976, which outlines the conditions for obtaining land title in Cameroon, and further amended by Decree No. 2005/481 of 16 December 2005, a land certificate is the official certification of ownership. Articles 2 and 24 of the Ordinance establish a land title as unassailable, inviolable, and definitive. Therefore, it is strongly advised to purchase land with a valid land certificate.
2. Unregistered Land (land without a land certificate):
This category includes Native lands, Village layouts, and state lands. Acquiring any of these lands entails a high risk and demands meticulous due diligence to avoid potential loss. After successful acquisition, immediate steps should be taken to occupy the land and initiate the registration process to obtain a land certificate.
It is crucial to involve an Attorney in all land transactions, whether involving registered or unregistered land, to ensure due diligence checks are made before the land is acquired. It is important to note that the information provided is of a general nature and should be used with guidance in acquiring properties in Cameroon, as circumstances may vary and should be personally assessed by an Attorney.
Our law firm, led by Barrister Aloysius Seunang Awah, Managing Partner of Seunang Awah Law Firm, comprises adept real estate lawyers ready to assist clients throughout Cameroon in property acquisition. Real estate proves to be a successful long-term business with the right advice and mentorship on what, how, and where to invest. Our experienced law firm can provide appropriate advice and support clients from construction to the management of their property.
In the realm of real estate, “Caveat Emptor,” meaning “let the buyer beware,” holds true. Contact us today to secure your investment.
Barrister Aloysius Seunang Awah
Managing Partner, Seunang Awah Law Firm
LLM International Law – University of Buea
Diplomat Certificate Law 2.0 – Las Vegas, USA
Diplomat Certificate Institute of Cultural Diplomacy – Berlin, Germany.
+237673837767 (Calls and WhatsApp)
