buying off plan in Kenya

Investors in, Landlord out: How to buy an off-plan property in Kenya

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When it comes to buying an off-plan property in Kenya, investors need to be aware of their rights and how the process works. Landlords also need to know their obligations under the law. In this blog post will provide readers with a step by step guide on what they need to know in order purchase an Off-Plan Property in Kenya without any issue.

Provide investors with a guide on what they need to do in order purchase an Off-Plan Property

Off-plan properties are becoming an increasingly popular choice for property buyers in Kenya, especially first-time buyers. However, there are a few things you need to know before you purchase an off-plan property. Here is a quick guide: Before making any decisions, it is important that you take the time to do your research. This includes everything from the location of the property to the developer’s track record. Once you have decided on a particular off-plan development, make sure that you have a solicitor look over the contract before signing anything.

Inform investors of their rights and obligations when buying an off-plan property

It is no secret that buying an off-plan property can be riskier than purchasing a property that is already built. But, with the potential of earning a higher return on investment, many people are still willing to take the plunge into off-plan territory. If you’re one of these people, it’s important to know your rights and obligations as an investor before signing on the dotted line. According to Kenyan Consumer Law, when you buy an off-plan property you are entering into what is known as a pre-sales contract.

Developers and real estate agencies need to be aware of their obligations under the law.

When it comes to buying off-plan property, real estate agencies need to be aware of their obligations under the law. This is especially important if they plan on renting out the property, as there are a number of regulations that need to be adhered to.

Failure to do so could result in hefty fines or even jail time for the directors and management team.

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