Sharp Daily
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Real Estate

Kenya’s urban boom drives surge in sectional property ownership

Lewis Muhoro by Lewis Muhoro
August 14, 2024
in Real Estate
Reading Time: 1 min read

Sectional properties in Kenya are becoming increasingly popular, especially in urban areas where land is limited and the demand for housing is high. Governed by the Sectional Properties Act, 2020, these properties allow individual ownership of units within a multi-unit building while sharing common areas like corridors, staircases, and parking spaces. This legal framework provides for the subdivision of buildings into units, each with its own title deed, offering a secure and structured form of ownership.

The process begins with the property owner hiring a licensed surveyor to create a sectional plan that defines individual units and common areas. After the plan is approved by the authorities, it is registered, and separate title deeds are issued for each unit. This allows unit owners the freedom to sell, lease, or transfer their property independently, while still being part of a larger community.

One of the main advantages of sectional properties is the shared responsibility for maintaining common areas, which reduces costs for individual owners. The establishment of a management company or owners’ association ensures that these common spaces are well-maintained and that rules and regulations are enforced fairly. This collective approach not only maintains the property’s value but also fosters a sense of community among unit owners.

However, challenges do exist. Effective management is crucial, as disputes over maintenance costs and the use of common areas can arise. Additionally, navigating the legal requirements of the Sectional Properties Act requires careful attention to detail. Despite these challenges, sectional properties offer a practical solution for maximizing land use in Kenya’s growing urban centers, providing affordable and secure homeownership options for many Kenyans. As cities expand, sectional properties are likely to play a crucial role in meeting the housing needs of the population.

RELATEDPOSTS

Unlocking Kenya’s real estate potential through public-private partnerships

February 28, 2025

Opinion: Investing in short-stay & airbnb rentals in Kenya

February 18, 2025
Previous Post

Sasini projects profit drop as production costs and supply chain issues bite

Next Post

Role and impact of the Joint Building Council in Kenya’s construction industry

Lewis Muhoro

Lewis Muhoro

Related Posts

Crime

Why Athi River deserves your investment

June 24, 2025
Real Estate

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
Real Estate

Navigating the fallout of foreign aid reductions

May 20, 2025
International

Knight Frank; Kenya’s wealthy are trading mansions for market moves

May 16, 2025
Real Estate

Nairobi real estate divide

May 15, 2025
Real Estate

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

LATEST STORIES

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025

Lessons from the Kuramo-TransCentury fallout

July 3, 2025

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024