Property ownership is one of the greatest investments for investors. When purchasing property in Kenya, one of the most important documents you will receive is the title deed. The title deed is a legal document that serves as proof of ownership of the property. It is important to understand the different types of title deeds that are available in Kenya, as they have different implications for the...
Many Kenyans are buying apartments in upmarket areas like Kilimani, Kileleshwa, Lavington, Parklands, and Westlands due to enhanced security, amenities, proximity to workplaces, good infrastructure, investment potential, and prestige. However, it is important to conduct due diligence before buying to identify any potential risks or issues that may affect the property's value or suitability. The due...
What are they? Land rates are taxes that are payable to the county government on the value of land, buildings andstructures that are situated on the land. The rate varies from one county government to another and isusually calculated as a percentage of the property’s market value. This is usually payable annually,failure of which results in penalties and legal action. Land rent is a fee that is...
On a notice sent out to the public, published in one of the dailies, the Kenya Revenue Authority (KRA) stated that ''KRA will undertake a data collection exercise on rental properties within Nairobi City County and the Nairobi Metropolis as part of its tax base expansion program from Wednesday 19th October 2022. KRA officers conducting the exercise will identify themselves using KRA staff...
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