Author: Property254
Initially, for one to pay stamp duty, one had to log into the iTax portal of the individual required to pay for the stamp duty; key in the necessary details of the property in question such as the price, names of the vendor and purchaser, title number, the location of the property and finally the assessed amount. This would in turn generate a Payment Registration Number (PRN) which would be used when making the stamp duty payment. To make stamp duty payments, you What is Stamp Duty? This is tax levied on legal instruments such as land transactions, agreements, shares,…
Now more than ever, establishing a strong online presence is one of the most important factors for a business’s success. When launching a website, choosing the right domain name is crucial. Your domain name is your online identity, influencing how customers find and perceive your brand. For Kenyan businesses, the question often arises: will a .co.ke domain affect my global reach? Let’s explore the factors to consider when making this important decision. What is a .co.ke Domain? A .co.ke domain is a country code top-level domain (ccTLD) specifically designated for Kenya. Using a .co.ke domain extension signals to users and search…
Are you aspiring to become a registered real estate agent in Kenya? If so, mark your calendars because the Estate Agents Registration Board has just announced the official interview dates for this quarter! The interviews are scheduled to take place on the 25th & 26th of April and the 2nd & 3rd of May. This is your chance to take a step forward in your real estate career and join the ranks of certified professionals in the field. To be considered for the upcoming interviews, it is imperative that you submit your application through the online portal before the deadline…
Do you know that the rainy season is the best time to buy your plot or house if you want to invest? As the raindrops dance upon the earth, there’s an often-overlooked opportunity that emerges with the arrival of the rainy season—buying land. While many may instinctively veer away from real estate transactions during this time, dismissing it as inconvenient or impractical, there’s a compelling case to be made for those willing to seize the moment. In this article, we’ll delve into the intriguing notion of why purchasing land during the rainy season might just be the smartest move you…
With the increasing property prices in Kenya, it is becoming increasingly difficult to finance a home from cash. And thats where mortgages come in. Getting the keys to your dream home is within reach, and we’re here to help you every step of the way. It is important to understand the process so that you can easily navigate the mortgage market and secure the ideal loan for your needs. In this blog, we’re going to explore everything you need to know about mortgages in Kenya. From understanding the basics of mortgage loans to finding the best deals and calculating those…
Whether you are looking for rentals, houses for sale, go-downs, or office space, a real estate company always provides the services you seek. We hope the article will guide you in finding the right company for your real estate needs 1. Knight Frank Kenya: Overview: Knight Frank is a global real estate consultancy, and its Kenyan branch has been a key player in the local market. Known for its comprehensive research and advisory services, Knight Frank provides valuable insights into market trends and investment opportunities. Notable Projects: While Knight Frank is renowned for its consultancy services, it has been involved…
Leasing Land in Kenya s becoming an increasingly popular due to the high capital outlays for outright purchase of commercial land which has good access to surfaced roads and public transport networks. An increasingly popular venture on leased land is container malls/parks – semi-permanent structures established for business premises which can be easily relocated upon expiry of the lease. Leasing of land for agricultural purposes is far more common. The types of agri-business that lease land range from commercial-scale green housing operations which produce a wide range of horticultural produce like wheat, flowers and even herbs, to animal-rearing enterprises which lease…
This is an Act of Parliament to provide for the registration of persons who, by way of business, negotiate for or otherwise act in relation to the selling, purchasing or letting of land and buildings erected thereon; for the regulation and control of the professional conduct of such persons and for connected purposes. The act covers agents remuneration, agents fees and how to register with the estate agents registration board.
Two laws in Kenya govern tenancy and resulting disputes. These are The Rent Restriction Act Cap 296 Laws of Kenya and The Landlord and Tenant (shops, hotel and catering establishment Act) Cap 301. Other laws include Land Laws (Amendment) Act 2016 which amends the Land Act 2012 and the Land Registration Act 2012. I am working with the assumption that you already have a signed lease/rental agreement. If you do not, please download this sample for use. Sample Rent Agreement The law only protects someone who is in occupation and is doing so legally. If the occupant is occupying the…
Welcome to Nanyuki, a charming town nestled in the heart of Kenya, offering a perfect blend of tranquility and modern conveniences. As an experienced real estate agent, I am thrilled to provide you with a comprehensive guide to this picturesque neighborhood, covering everything from location and accessibility to property prices and the evolving real estate market. Location and Accessibility: Nanyuki is strategically located, offering residents easy access to major cities like Nairobi and Nyeri. The town boasts well-maintained roads and is a gateway to the majestic Mount Kenya. Whether you’re a nature enthusiast or a city dweller looking for a…