A lease agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property. Lease agreements have become a non-negotiable part of landlord-tenant relationships. Gone are the days of casual, unwritten arrangements. Over the years, lease agreements have become a non-negotiable part of landlord-tenant relationships….
Real estate can be one of the most profitable investments in Kenya. In real estate, location is everything. Prime locations offer better returns on investment. A property’s value is directly linked to the infrastructure surrounding it. A good real estate investment isn’t just about buying property, it’s about buying the right property in the right…
Land banking is the practice of buying land and holding it with no immediate plans for development. In order to get a return on investment, it is important to ensure that the land you are about to purchase is in a developing area, where prices are low and expected to rise over time. Unlike real…
In a landmark ruling, the High Court ruled in favor of real estate investors whose developer, VK Construction Limited for delaying possession of their off-plan apartment. The court found that the developer had breached the terms of the sale agreement by failing to complete the apartment within the agreed timelines, not meeting the quality standards,…
A forensic audit by PricewaterhouseCoopers (PwC) has uncovered widespread fraud. One of the most alarming findings in the report is that financial statements were signed by a deceased auditor, indicating clear evidence of forgery. Beyond the immediate financial crisis, this scandal poses a significant threat to SACCO members who rely on KUSCCO’s housing arm for…
Kenya is known for its stunning landscapes, vibrant cities, and rich cultural heritage. Often overlooked, the Nairobi Railway Museum and the adjacent old railway station provide a deep dive into Kenya’s colonial and post-independence railway history. Kit Mikayi, an extraordinary rock formation near Kisumu, is not only a geological wonder but also a significant cultural…
With real estate investment gaining momentum in the country, scams are also at an all time high, with people attempting to take advantage of vulnerable investors. In order to not fall prey to these scams, it is important to be aware of the different kinds of scams and figure out the best ways of avoiding…
CS Wahome clarified that contributions to the housing levy do not guarantee home ownership. The housing levy, introduced as part of the government’s Affordable Housing Programme, requires a percentage deduction from salaried workers to fund the construction of low-cost housing units across the country. Economic analysts suggest that while the levy may help bridge Kenya’s…
Real estate investments are quickly gaining momentum amongst Kenyans. Airbnb has become a popular choice, especially in urban centres and tourist hotspots. Long-term rentals involve leasing a property for an extended period, typically six months or more. Real estate investments are quickly gaining momentum amongst Kenyans. With the increasing demand for housing, both short-term and…
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