mocha
New Kid on the Block
Posts: 2
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Post by mocha on May 24, 2005 15:14:38 GMT
Do they have Freehold properties in Kenya?
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Post by kirkydumf on May 24, 2005 15:25:10 GMT
Do they have Freehold properties in Kenya? Q. What is the difference between a freehold and a leasehold title? What effect does this have on the property or the purchaser? Both are available in Kenya.. A freehold title gives the owner absolute proprietorship over the land in perpetuity. Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months. Both freehold and leasehold land is subject to City Council Rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land. Although a freehold title would be of distinct advantage, a leasehold title bears no specific disadvantage to the purchaser. However, in applying for loans or mortgage finances, most financial institutions require a remainder of at least 50 years on the leasehold. This may be something to watch out for.
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Post by twocents on May 24, 2005 15:27:56 GMT
Do they have Freehold properties in Kenya? have u tried property mart at www.housing.co.ke ?..word of advise dont bother emailing them, they dont respond to any form of written correspondence
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mocha
New Kid on the Block
Posts: 2
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Post by mocha on May 24, 2005 15:28:41 GMT
Q. What is the difference between a freehold and a leasehold title? What effect does this have on the property or the purchaser? A freehold title gives the owner absolute proprietorship over the land in perpetuity. Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months. Both freehold and leasehold land is subject to City Council Rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land. Although a freehold title would be of distinct advantage, a leasehold title bears no specific disadvantage to the purchaser. However, in applying for loans or mortgage finances, most financial institutions require a remainder of at least 50 years on the leasehold. This may be something to watch out for. thanks for the explaination between the two Kirk..........which i already knew. i wanted to know if there were any properties in KE that are freehold.
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Post by kirkydumf on May 24, 2005 15:31:35 GMT
Q. What is the difference between a freehold and a leasehold title? What effect does this have on the property or the purchaser? A freehold title gives the owner absolute proprietorship over the land in perpetuity. Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months. Both freehold and leasehold land is subject to City Council Rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land. Although a freehold title would be of distinct advantage, a leasehold title bears no specific disadvantage to the purchaser. However, in applying for loans or mortgage finances, most financial institutions require a remainder of at least 50 years on the leasehold. This may be something to watch out for. thanks for the explaination between the two Kirk..........which i already knew. i wanted to know if there were any properties in KE that are freehold. My bad! Sorry for making you look clueless
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mocha
New Kid on the Block
Posts: 2
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Post by mocha on May 24, 2005 15:32:52 GMT
HA HA HA .....very funny
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Post by jerryleejones on May 25, 2005 20:34:15 GMT
Q. What is the difference between a freehold and a leasehold title? What effect does this have on the property or the purchaser? A freehold title gives the owner absolute proprietorship over the land in perpetuity. Leasehold property is held on a government lease for a specified period, usually 50 or 99 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The extension process takes approximately 6 months. Both freehold and leasehold land is subject to City Council Rates which is usually a fraction of the unimproved site value. However, leasehold is further subject to Land Rent, based on the size of the land. Although a freehold title would be of distinct advantage, a leasehold title bears no specific disadvantage to the purchaser. However, in applying for loans or mortgage finances, most financial institutions require a remainder of at least 50 years on the leasehold. This may be something to watch out for. thanks for the explaination between the two Kirk..........which i already knew. i wanted to know if there were any properties in KE that are freehold. Yes there are. But they do not come in small sizes, they come in the Delemare land sizes. Before buying any land yu must be very very very careful in Kenya and there a a lotta things yu have to look into before yu embark on it. Truss me. ( Disregard advise if yu was not lookin to buy or rent )
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Post by wantai on Aug 7, 2005 17:48:24 GMT
lotta things like???
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gikobo
New Kid on the Block
Posts: 1
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Post by gikobo on Dec 13, 2006 9:07:47 GMT
Hallo sir got properties on offer in Eden Garden in Dubai
email 4 details gmwaniki!@yahoo.com
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