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.
Real Estate
The power to control land use and development in Kenya is vested in the County Governments and therefore the owner or the legal entity of any property...
Under the Registration of Lands Act the old Title Deed of the property is delivered up and cancelled and a new Title in the name of the new proprietor issued.
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.
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.
Landlords in Kenya are required to account for tax on rental income either on monthly basis or annually depending on the nature of the rental income received.
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.
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.
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 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.