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Kenya is a country in East Africa with coastline on the Indian Ocean. It encompasses savannah, lakelands, the dramatic Great Rift Valley, mountain highlands and abundant wildlife such as lions, elephants and rhinos. From Nairobi, the capital, safaris visit the Maasai Mara reserve, known for its annual wildebeest migrations, and Amboseli National Park, offering views of Tanzania's 5,895m Mt. Kilimanjaro.

45 million 

Low Season (Mar–May)

Long rains mean accommodation is much quieter and prices are low. Wildlife is harder to spot, some tracks are impassable and mosquitoes are rife.

(Nov & Dec)

Short rains fall in October and November, but travel is still possible. Prices at most lodges and parks drop on 1 November, but advance reservations are still required.

High Season (Jul-Oct, Jan & Feb)

Wildebeest in the Mara from mid-July to October. January and February offer hot, dry weather good for wildlife watching. Sky-high lodge prices, especially July to October. Book coastal accommodation in advance.


 

Kenyan shilling

Swahili and English

Foreigners can own property in Kenya in their name.

The Constitution (2010), the Lands Act (6/2012) and the Land Registration Act (3/2012), subject to certain limitations, grant the right to any person, either individually or in association with others, to acquire and own land in Kenya.

Implementing institutions for Registering Property in Kenya have a mandate to enforce and implement various aspects of the land and real property laws. They include;

  • Ministry of Lands, Responsible for development of national land Policy
  • Lands Registry, mandated to register property in Kenya
  • Nairobi City Council, or Local Authority
  • Land Control Boards

Property can be acquired on freehold or leasehold basis. A freehold title gives the owner absolute proprietorship over the land in perpetuity. While Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months.

Both freehold and leasehold land is subject to local authority rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land.

For most properties, payment is in form of a 10% deposit and the balance within 60-90 days.  Financing for purchase of a property can be obtained from Banks, Building Societies or Mortgage   Companies in Kenya.

The easiest way to buy property for non-residents is to appoint a lawyer in Kenya who can act on your behalf. The lawyer will arrange to have the sale agreement signed by you and will also undertake to get the title of the property transferred into your name.

 

 

 

 

infomation by investmentkenya.com

4% Stamp Duty for Draft Transfer paid by Buyer

1.5% Legal Fees paid by Buyer

Banker’s Check Charge KES 600 (US$8) paid by Buyer

Registration KES 250 (US$ 3) paid by Buyer

1.25% Agent’s Commission Seller

     Cost Paid by Buyer 5.51%

     Cost Paid By Seller 1.25%

     RoundTrip Transaction Cost 6.76 %

Most standard leases are not detailed enough, which could be troublesome if the verbal agreement was not in writing too. Once you sign the lease agreement, you are locked in, therefore you need to discuss with the prospective landlord and make sure it’s put it in writing.

Here is what to look out before you sign a lease:

Background check on the tenant/landlord: You need to do a thorough background check on the landlord to ascertain the property is his or is a legit agent who has been contracted by the owner to act in his behalf in leasing the property. The landlord also needs to do a milieu on the potential tenant to make sure they are genuine people who won’t con them off their property. Before you make up your mind, you can ask for a copy of the lease to review the complex rules and policies.

Utilities: Take a moment to consider what would happen when things go wrong. One way is to check how much extra you would pay on the utilities and what’s the payment procedure in detail. This could be your electricity, water, garbage, security, telephone, cable and Internet. The lease should clearly state what’s included in the rent´╝Ź and what’s not.

Renovations: Most leases do not agree on renovations in the property apart from commercial properties. If they do agree on renovations in the house, you need to know who will cater for it and the conditions for renovating the house. Whether you want to install your own lighting, a different paint colour, or anything that will affect the infrastructure, make sure the lease has stated the procedure for it.

Neighbors: With the rise of insecurity in the country, one needs to know his fellow tenants, before signing the lease agreement. This will greatly help in curbing insecurity and creating a safe and secure environment for everyone. Especially in a building where there are more than two occupants, try to make an effort to get to know the people around, you’ll find that you have a much safer environment.

The agent may charge a small commissiono but mainly by the Landlord