Rent is a term that many of us know well about, especially when the end of the month approaches. However, what many people don’t know is that the arrangement between them and the landlord is legally binding. This means that if any issues arise, the law could take precedence. After the Landlord and Tenant Act, we have other legislation guarding tenancy. One of them involves the rent tribunal. Let us dive...
REITs are regulated investment vehicles that allows people to collectively invest in Real Estate. By regulated, I mean that their activities and functions are controlled by the Capital Markets Authority (CMA). This is done to protect investors or Beneficiaries. The relationship between the trustee (which is normally a bank or financial institution) and beneficiaries (who are the investors) is called a...
strategies to land banking Land is something that most Kenyans are in love with. I am convinced that if Moses had been leading Kenyans to the promised land. It would have just taken 2 days. With all jokes aside, there is a growing concern about how we are doing it. Most people buy land for speculation, and while it is a valid way to invest, you guys are doing it wrongly. In this blog, I will be...
Investing is the surest way to build wealth for anyone regardless of their age. And while there are many investment vehicles, real estate stands out as one of the most stable and most rewarding ones. Stick with me as I convince you why I think you should invest in real estate despite the massive discouragement by many “uninformed” persons. And because there are always two sides to every coin, we are...
Why understand Real estate taxes Investing in real estate needs knowledge in some key areas. This includes understanding the construction process, laws surrounding real estate, financing structures & TAXES! Most people I have met understand all key areas apart from taxation. For many, it feels like being robbed by the government. And it is the reason most people shy away from educating...
Defining Sectional Property Sectional property refers to a unit that is part of another larger unit. For example, an apartment that is part of a block. It could also include a maisonette or bungalow that is part of a development. For those buying apartments, this topic is a must-know for you. It could depend a lot on how you enjoy your property. The Sectional Property Act was amended in 2020. This...
A title deed is a document that gives legal ownership to the owner of a property. In Kenya, title deeds are used as proof of ownership and to authenticate property transactions. In our view, buying land that has a genuinely proven title deed is one of the safest ways you could ever acquire land in Kenya. That said, there are several types of title deeds according to the Kenyan law. This is because the...
Marriage is a union that binds two individuals into one. Or as they say, he whom God has joined together, let no man separate. However, life does get complicated, and unfortunately people get divorced. When it comes to dividing property in the event of a divorce, matters can become complex and messy. This is where the Kenyan Matrimonial Property Act of 2013 comes in. It aims to bring clarity to the...
Buying land as you have probably heard from many people is one of the go to investment especially here in Kenya. If you are keen when using the Thika-Super Highway, you will notice a lot of bill boards advertising land and property. With all this going around, I am sure most of you are aching to buy land as soon as you get the funds to do so. However, buying land is not like buying potatoes (please...
If you are ever planning on building your own home then you will definitely be budgeting for stones, building stones to be precise. Stones form the outer shell of your structure and produce a quality and strong finish which is hard to achieve with other materials like wood. Not mentioning that it is also very affordable and easier to handle. Why choose the right building stones? So why should...
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