KenInvest
KenInvest
KenInvest
KenInvest
KenInvest
KenInvest
KenInvest

Overview

Cost of land varies with regions and proximity to urban centres and major roads. For instance the cost of industrial land in Eldoret is Ksh 20 million (US $ 250,000) while the same will cost will cost Kshs 20-100 Million (US $ 250,000-1.2 Million) in Nairobi.

Commercial Rental Premises are also available on competitive rates ranging from Kshs 50-350 (US$ 0.7 – 7) Per Square Foot Per Month (p.s.f.pm) which may be exclusive or inclusive of service charges while residential premises range from Ksh 10,000 to Kshs 150,000 (US$ 120-2,000) depending on type, Size and location. You are encouraged to consult established property managers for competitive deals.
Kenyan land system is defined by the Constitution of Kenya, the Land Registration Act and the Land Act. It is classified into:

Public land - reserved for public use or environmental protection. It is administered and managed by National Land Commission on behalf of the people of Kenya.
Community land - it is held by communities on basis of ethnicity, culture or similar community interest.
Private land - this is land held by natural or legal persons. The Ministry of lands is tasked with the registration of any interest in Private Land. It is classified into the following land tenure system;

Freehold land tenure system - it gives the holder absolute ownership of the land for life. A freehold title deed generally has no restrictions as to the use and occupation of the land. However there are some conditional freeholds which may restrict the use of land for agricultural uses only.
Leasehold land tenure system - this is the interest in land for a specific period of time subject to payment of land rent to the National government and land rates to the county governments. Once a lease expires the land reverts back to the owner or the leaseholder can apply for a renewal or extension of the lease.

Non-citizens can hold leasehold land only for 99 years.

Consent for Transfer of leasehold land is issued by the commissioner of lands while for freehold lands consents are issued by the land control board.

All land parcels are subject to rates payments which are payable to the respective county governments where the land is located. The land rates differ from one county to the other.

Land rent is also imposed on leasehold land parcels and its payable to the ministry of lands and physical planning.

Transaction

Who pays

Land search KES 500 land search from central registry and KES 520 from Nairobi registry

Buyer

Legal fees the fee will depend on the negotiations between the buyer and the advocate

Buyer

Stamp duty payment 4% valuation amount for leasehold properties located within towns and 2 % valuation amount for freehold land situated outside towns

Buyer

Land registration fees KES 500

Buyer

 

Rental Property

Sufficient property to let on short to long term basis is avalibale at very competitive rates. This can can be accessed through a number of property management companies.

Documents

DocumentIssuing AgencyMore Information
Procedures and Costs of Registering PropertyPDF (20 KB) KenInvest Details of procedures duration and associated costs of registering property in Kenya
Apply online for a Construction Permit City Council of Nairobi Online portal to apply online for a construction permit form the City Council of Nairobi (CCN)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

©Copyright 2017. Kenya Investment Authority. All Rights Reserved.
istanbul escort sirinevler escort
wso shell url tara mass alexa sorgula base64 encode seo nasıl yapılır wordpress themes escort alanya bayan eskişehir escort escort eskişehir hacklink satış alanya escort bayan alanya escort escort alanya ataşehir escort kurtköy escort maltepe escort tuzla escort