Form LRA 56 (Memorandum of Variation of Charge) is a critical land registration document used in Kenya when the terms of an existing charge (mortgage) need to be altered without creating an entirely new security instrument. This form is jurisdiction-specific to Kenya and is governed by Regulation 72 of the Land Registration (General) Regulations, 2017, issued under the Land Registration Act, 2012. It provides a legal framework for lenders and borrowers to formally record changes to an original charge, such as adjustments to interest rates, repayment periods, or the principal amount secured.
This advocate-reviewed template is available for download on wansom.ai and is intended for commercial banks, financial institutions, borrowers, and conveyancing advocates. Using Form LRA 56 is essential for ensuring that any modifications to a loan agreement remain legally binding and are properly reflected in the Land Register, maintaining the priority and enforceability of the security interest.
The downloadable template requires specific details, including the Title Number, the date of the original charge, and the Entry Number under which the charge is registered in the Encumbrances section of the register. It provides a dedicated section to clearly outline how the charge is being varied. To be valid, the memorandum must be executed as a deed by all parties, including the Chargor, Chargee, and Borrower (if the loan secures a third-party obligation). The form includes rigorous verification requirements under Section 45 of the Land Registration Act, necessitating colored photographs, ID/Passport numbers, and Tax PIN numbers for all signatories. This legally compliant, ready-to-use template ensures that variations to financial securities are accurately captured within Kenya’s land registration system