Real Estate

Ownership of Beach Plots

In 1970, the then President Jomo Kenyatta issued a presidential decree prohibiting the sale and purchase of 1st and 2nd rows of beach plots on the Indian Ocean and land within a zone of 25km from the inland national boundaries of Kenya without consent from the President.

Process of sub-division of land in Kenya

Subdivision is the divisor of land into two or more plots/lots. Its purpose is to split a large tract of land into smaller ones that are easier to develop and can be developed independently of one another to increase growth and maximize the use of space.

Remedies for Breach of Agreement for Sale

An agreement for Sale is a legally binding document that outlines the agreed upon terms of the buyer and seller of a property or in a real estate transaction. It defines the purchase price and other details of the transaction and is executed by both parties.

Taxation in Real Estate

It is not uncommon for a person selling or purchasing land or an apartment to get surprised that over and above the actual cost of the property that they intend to sell or purchase, other attendant costs arise which must be settled before they can complete the transaction.

Tenancy in Common

It is not uncommon for a person selling or purchasing land or an apartment to get surprised that over and above the actual cost of the property that they intend to sell or purchase, other attendant costs arise which must be settled before they can complete the transaction.

Transactional costs when buying property in Kenya

It is not uncommon for a person selling or purchasing land or an apartment to get surprised that over and above the actual cost of the property that they intend to sell or purchase, other attendant costs arise which must be settled before they can complete the transaction.

Withholding Tax on Rental Income

Withholding tax is a retention tax that requires the payer of certain incomes to deduct tax at source from payments made and remit the deducted tax to Kenya Revenue Authority (KRA). The withholding tax rate varies depending on the nature of the income earned and on whether one is a Kenyan resident or a non- resident.

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