Sectional Ownership method whereby 2 or 3 people can pool resources together to enable them share a 1/8th acre of land for home ownership or investment purpose.
This method will enable Kenyans to gain from the more than 20% annual land price increase as an investment.
The minimum land subdivision plot is 1/8th acre in Kenya. The 1/8th acre plots can be well utilized by 2 or 3 families if they are well-architecturally designed.
For example, the plot size for many estates such as South C,Buruburu is less than 1/8th acre .
Plot size in Apartment buildings e.g. Lavington, Ngong road is zero . Occupants use the house balconies for tasks carried out outdoors e.g. cloth drying, jiko lighting and basking.
A 1/8th acre plot when well planned can comfortably accommodate 2 or 3 families.
Legal Ownership.
Since the minimum land title is 1/8th acre, owning land less than this size is not possible through land title system.
A company is registered which is then owned by the 2 or 3 people interested in owning a section of the 1/8th acre.
The company will have 2 or 3 shares. Each person will then own 1 share which he can re-sell or transfer to third parties or bequeath to his wife and children as inheritance.
Technical ownership.
To enable ease of sharing without any possibilities of boundary and local authority disputes...
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