REAL ESTATE : Transfer of property land rights in Tanzania
Hodhan Abdi
What you need to know:
Ownership, hence, represents the rights to use a resource in a specified and limited way. (Alchian & Demsetz, 1973:17) These rights would have no value at all, if not being recognised by the surrounding society.
Property transfer involves land which is already registered - also known as conveyancing (legal transfer of property from one person to another). In this case there is a person who is holding the title to the land. The transfer involves the process of changing ownership of land from one party to another.
