A buyer has lost ksh. 4M and the land he fought for since 2009 after the Court of Appeal held that,“If you don’t complete a land sale in 90 days the contract dies and the court won’t save you."
In this case, the buyer paid Ksh. 572,000 for a Mtwapa plot, LCB consent was issued in 2010, but he didn’t clear the balance within the 90-day period. Years later, the seller not only refused to complete the sale but he sold the land to third parties during an active inhibition order. The buyer ran to court seeking specific performance, and the trial court even gave him Ksh. 4 million.
But the Court of Appeal has now flipped the script and said,no land, no Ksh 4 million, no specific performance,just a refund of what he paid and Ksh 100,000 in nominal damages.
A painful warning to land buyers, DELAYS kill deals. Finish your payments on time or risk losing both your money and your dream plot.
Machoozi tupu!
CNN EXCLUSIVE: President Paul Kagame says he doesn't know if there are Rwandan troops in eastern DRC supporting M23, but says Rwanda "would do anything to protect itself."
He accused South Africa of sending troops there to secure minerals & dismissed any comparisons with Vladimir Putin
Remember there was a time when a company called Synergy wanted to auction the whole of 14 Riverside to recover Ksh 5.4 billion? I have been reading about it and the story is crazy! Kenya is a huge crime scene with so many powerful cartels who are ready to eat you alive! #Thread
The national government has directed all foreigners to surrender their freehold titles to the Ministry of Lands.
The CS for Land and Housing, Alice Wahome, says that this is because the law only allows foreigners to occupy land on leasehold titles for 99 years
KENYA will begin the construction of a one Gigawatt (1GW) Data Centre in Naivasha.
The Data centre that will serve Africa will be constructed in partnership with Microsoft, Eco-Cloud, and G42 investment group.
The facility will be a revolutionary investment powered by green energy.
Met @BradSmi, President of @Microsoft, Peng Xiao CEO of G42 and Ecocloud officials, @StateHouseKenya, Nairobi.