Understanding the fundamentals of sectional titles in Kenya and how they affect property ownership.
Sectional title ownership is a modern property ownership system that allows multiple owners to own individual units within a larger development. Each owner holds a title deed for their specific unit, while sharing ownership of common areas.
In Kenya, this system is governed by the Sectional Properties Act, 2020, which provides a legal framework for creating, managing, and transferring sectional properties. This system is commonly used for apartments, office complexes, shopping centers, and mixed-use developments.
Key benefits include individual ownership rights, collective management of common areas, and the ability to secure financing using your unit as collateral.