Month: July 2024
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SECTIONAL PROPERTY ACT
The Sectional Properties Act 2020 and Regulations 2021 are laws in Kenya that allow the division of buildings into units owned by individual proprietors and common property owned by unit proprietors as tenants in common. The Act simplifies sale transactions, reduces costs, eliminates administrative challenges, and enhances revenue collection. The Regulations outline the registration of…
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What’s a REIT (Real Estate Investment Trust)?
Imagine owning a slice of a giant skyscraper, a bustling shopping mall, or a cozy apartment complex – all without the hassle of leaky faucets and mountains of paperwork. That’s the magic of Real Estate Investment Trusts or REIT. They’re like tiny treasure chests holding income-producing properties, offering you a piece of the action without…
