Rank: Member Joined: 9/24/2010 Posts: 136 Location: Nairobi
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What happens if u dont pay land rates amounting to 2000/=.. do they auction a small section of your land or the whole property... Mtoroko wa kutoroka kanjo huwezi iisha Making money never gets boring
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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No. It is not "auctioned"!
You are evicted and a new tenant is allocated the property.
Remember; you don't own the property. It has been leased to you, albeit for a long duration lasting several decades. But your tenancy is transferable, thus you can use it as security for a bank loan or even sell it to a third party.
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Rank: Elder Joined: 1/27/2011 Posts: 1,777
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chiaroscuro wrote:No. It is not "auctioned"!
You are evicted and a new tenant is allocated the property.
Remember; you don't own the property. It has been leased to you, albeit for a long duration lasting several decades. But your tenancy is transferable, thus you can use it as security for a bank loan or even sell it to a third party. what if your plot is freehold?
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