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Leasehold to Freehold
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Mainat
#1 Posted : Tuesday, April 02, 2013 12:29:55 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Is it possible to turn a leasehold into a freehold? If it is, what is the process and costs?
Thank you
Sehemu ndio nyumba
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Ceinz
#2 Posted : Tuesday, April 02, 2013 1:52:18 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Yes, possible but at a fee depending on the value of the unimproved land and unexpired term. Visit Lands Department, Ardhi House for further direction.
“small step for man”
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Mainat
#3 Posted : Tuesday, April 02, 2013 1:55:49 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?
Sehemu ndio nyumba
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MatataMingi
#4 Posted : Tuesday, April 02, 2013 3:12:49 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
I don't think you can change a leasehold to free hold.

I am not an expert on this. Just my 2 cents
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Ceinz
#5 Posted : Tuesday, April 02, 2013 3:17:03 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Mainat wrote:
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?


What is the term and how much is the annual rent?
“small step for man”
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Mainat
#6 Posted : Tuesday, April 02, 2013 3:26:17 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ceinz wrote:
Mainat wrote:
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?


What is the term and how much is the annual rent?

99yrs annual rent is cKsh12,000
Sehemu ndio nyumba
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Ceinz
#7 Posted : Tuesday, April 02, 2013 3:46:37 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Mainat wrote:
Ceinz wrote:
Mainat wrote:
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?


What is the term and how much is the annual rent?

99yrs annual rent is cKsh12,000


Could be 200-300k Sorry cant come up with exact figure, but essentially you will be buying the government's interest in that plot. There may also be restrictions on some types of property, so as I said earlier pay the lands guys a visit.
“small step for man”
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For Sport
#8 Posted : Tuesday, April 02, 2013 3:54:27 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Mainat wrote:
Is it possible to turn a leasehold into a freehold? If it is, what is the process and costs?
Thank you

It is not possible to upgrade the interest you hold in that land.
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XSK
#9 Posted : Wednesday, April 03, 2013 9:29:19 AM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
Tell me is it possible

Ceinz wrote:
Mainat wrote:
Ceinz wrote:
Mainat wrote:
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?


What is the term and how much is the annual rent?

99yrs annual rent is cKsh12,000


Could be 200-300k Sorry cant come up with exact figure, but essentially you will be buying the government's interest in that plot. There may also be restrictions on some types of property, so as I said earlier pay the lands guys a visit.


or not possible?

For Sport Posted: Tuesday, April 02, 2013 3:54:27 PM

Mainat wrote:
Is it possible to turn a leasehold into a freehold? If it is, what is the process and costs?
Thank you

It is not possible to upgrade the interest you hold in that land.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Mainat
#10 Posted : Wednesday, April 03, 2013 11:56:21 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ceinz wrote:
Mainat wrote:
Ceinz wrote:
Mainat wrote:
Ceinz-thanks. So as an example, if its a Ksh1m plot based on a lease with effect from 2011, what would be the rough cost?


What is the term and how much is the annual rent?

99yrs annual rent is cKsh12,000


Could be 200-300k Sorry cant come up with exact figure, but essentially you will be buying the government's interest in that plot. There may also be restrictions on some types of property, so as I said earlier pay the lands guys a visit.

Thanks Ceinz, will take meself to Ardhi house
Sehemu ndio nyumba
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