Learn about joint tenancy and tenancy in common, two distinct co-ownership arrangements for shared property. Discover key differences such as the right of survivorship, unity of possession, interest, title, and time.
Real Estate
Discover the art and impact of landscaping activities, from elevating aesthetics to boosting property values. Dive into the essential laws governing landscaping practices in Kenya, ensuring environmental conservation and sustainable development. Explore how regulations like the Physical and Land Use Planning Act and the Environmental Management Act shape responsible landscaping for a greener, more vibrant future.
In the world of property leasing, maintenance and repairs form the foundation of a healthy landlord-tenant relationship. Both landlords and tenants bear distinct responsibilities for ensuring the upkeep of a building. Whether you're a property owner or a tenant, comprehending these obligations is crucial. Let's delve into the legal framework, highlighting the duties of each party and how they contribute to a harmonious renting experience.
Exciting news in the real estate sector! Recent data from the Hass Consult property index reveals a remarkable transformation in housing preferences. Over the past two decades, there has been a significant shift from detached housing to semi-detached housing and apartment-based developments.
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.
Real estate in Kenya has proven to be a lucrative investment, outperforming traditional asset classes like equities and bonds with high returns. However, real estate investment has been termed as a dangerous minefield. Echoing the rather stern warning by the Court of Appeal in Arthi Highway Developers Limited Vs West End Butchery Limited & 6 Others (2015) eKLR , “ …the land market in Kenya was/is a...
On 4th May 2023, the National Treasury tabled the Finance Bill, 2023, to the National Assembly for the first reading. The proposed Finance Bill 2023 introduces a series of significant changes and reforms to the financial landscape of the country. The Bill is a crucial component of the annual budgetary process and outlines the Government's plans for revenue generation, taxation, and fiscal policies.
As a buyer or a real estate investor, it is important to dot your i’s and cross your t’s before getting into a legally binding agreement with a seller. The principle of Caveat Emptor, a Latin phrase meaning “buyer be aware” places a responsibility on a buyer to sufficiently perform their due diligence before making any purchase.
In contract law, warranties and indemnities are two common forms of contractual provisions that provide remedies for breach of contract. These terms are often used interchangeably, but they have distinct differences in terms of the extent of liability, the proof required, and the obligations of the parties. Below we discuss the differences between warranties and indemnities in terms of damages, mitigation, disclosure, proof of loss, and the buyer's knowledge of the breach.
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.