Land rate defaulters face asset sale in planned law

dn22911landforsale

A bonafide purchaser is defined as a buyer without notice of any defects, infirmities or flaws in its acquisition. FILE PHOTO | SHUTTERSTOCK

Counties will have powers to auction assets of businesses and individuals who default on land and property rates if Parliament adopts a proposed law that aims to boost revenues for the devolved units.

The National Rating Bill, 2022 proposes to empower the 47 county governments to seize and sell the property and land of defaulters upon the expiry of a 60-day notice to clear their dues.

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