Have you ever looked at a road that leads nowhere, a park built in the wrong spot, or a housing estate with no access to public transport, and thought, Who planned this? Well, someone probably did… or didn’t. That’s where urban planning steps in.
Property Trends
It starts innocently: a glossy brochure, a 3D video tour of a tower that hasn’t even kissed the sky yet, and a sweet-talking agent who swears your investment will “triple in value by completion.” Welcome to the off-plan property market in Kenya, where buying a house before it’s built can either turn you into a proud homeowner or a permanent litigant.
When it comes to homeownership in Kenya, one of the most critical decisions is whether to buy a ready-made house or build one from scratch. Each path offers unique advantages and challenges, so it’s essential to research thoroughly and choose what works best for you and your family.
Off-plan property in Kenya has rapidly become a top choice for real estate investors in major cities and expanding urban centres. This investment model, purchasing property before construction is finished, continues to attract both local and diaspora buyers due to its affordable pricing, flexible payment options, and promising capital appreciation.
While the home-buying process involves several important choices, one of the very first decisions buyers need to make is whether to shop for an existing home or build a new one. This is always a huge financial decision to make.
Dive into the world of tenancy in common according to the Land Act, where co-owners maintain individual property stakes. Uncover its attributes, methods for conclusion, and the legal presumption in cases of unspecified ownership.
Facilities management involves the professional oversight and coordination of various activities related to buildings, infrastructure, and services to ensure their efficient and effective operation. The field has experienced significant growth in recent years due to the expansion of commercial buildings, industrial parks, residential complexes, and other infrastructure projects across the country.
Person A bought a parcel of land in the 80’s and was irregularly issued with a Certificate of Title by the Nairobi land registry. Over the years there have been subsequent transfers. Currently, the land is lawfully registered to Person B who has constructed a development consisting of 100 apartments for sale after acquiring all the necessary approvals. The development was ranked as the best place to live in Nairobi in 2022, subsequently, all the apartments quickly sold off.
Reputation and track record: Consider the reputation of the property management company or individual you are looking to contract. Ask for references, check online reviews, and their track record in managing properties.
Warranties and indemnities are essential elements in any agreement for sale. The distinction between warranties and indemnities is critical as the remedies to which an innocent party will be entitled to will differ. Today, we discuss the differences, the consequences of a breach, and what you need to know before allowing or disapproving a warranty or an indemnity in an agreement for sale.