What is a land sale agreement? A land sale agreement is a contract between a seller and an interested buyer that outlines the terms and conditions of sale. Land buying is a process, and anything can happen along the way. To ensure that the rights of both buyer and seller are protected, a sale agreement is important. It protects the seller by making sure they are not wasting their time, as only...
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...
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...
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...
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