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Leasehold to Freehold
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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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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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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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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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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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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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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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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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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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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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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It is possible but I dont know the process and how much it costs. I know of a group that has managed to convert their 4803 acres
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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@Marty,@Vj,where are you,the authority on land matters because I doubt it has ever been and will ever be possible but the lease can be renewed.
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