Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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enyands wrote:Cornelius Vanderbilt wrote:4eva eva wrote:Siku hizi Kuna 1 /12 th,hiyo imezidi sasa lol....... wacha zianze kujazana njata tv 1/24 should be coming soon . Apartments are hanging in the air having zero land the owner can claim to be his.
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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Bykhovets wrote:UpcomingPaperChaser wrote:popat wrote:This business of service charge shud discourage any sober thinking Kenyan who plans to run away from tenancy. Otherwise I don't get the logic of buying a property you will continue paying some 22k per month for the rest lof your stay there. You better continue paying rent at an address of your preference in perpetuity. From a professional point of view, service charge is a must, though you should ensure that you are not exploited. Always vouch for a committee established by the residents. service charge should, however, be reasonable. Rent cant be 60k and service charge is 25k!! Explain to me why paying service charge for a house that you own is a must. Service charge is used to for maintaining common areas and facilities. If you live in a block of apartments and engage security and garbage collection companies collectively, then service charge goes to pay for these, whether you are living there as a tenant or owner. The big problem in Nairobi is that management companies sometimes take advantage of this and also that residents are sometimes not committed to meeting and discussing such issues so that service charge rates can be reasonable. Having said that, I think that Casa Mia service charge fee is very suspect unless it was a typo and it was supposed to be 2,200. 22K is for high-end areas like Riverside & Upperhill which commonly have high-end tenants for serviced apartments requiring higher levels of security facilities, servicing of lifts, etc. Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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hardwood wrote:enyands wrote:Cornelius Vanderbilt wrote:4eva eva wrote:Siku hizi Kuna 1 /12 th,hiyo imezidi sasa lol....... wacha zianze kujazana njata tv 1/24 should be coming soon . Apartments are hanging in the air having zero land the owner can claim to be his. the land in this case is the floor space you own.
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Rank: Member Joined: 7/8/2013 Posts: 126
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popat wrote:I've been there and I can assure you no one would travel that far to pay even 10k rent.So brother better do something better with your money.am even surprised there is a service charge of 22k to crown it all.Lakini wakenya we are too gullible. me believes after a developer develops houses and sells all of them, they should hand everything to the buyers who will sit down put in place a management committee, calculate the expenses required to maintain the estate then come with a reasonable service charge per resident. hii mambo kuuzia watu nyumba then you continue being their manager mimi apana taka
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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omhangla wrote:popat wrote:I've been there and I can assure you no one would travel that far to pay even 10k rent.So brother better do something better with your money.am even surprised there is a service charge of 22k to crown it all.Lakini wakenya we are too gullible. me believes after a developer develops houses and sells all of them, they should hand everything to the buyers who will sit down put in place a management committee, calculate the expenses required to maintain the estate then come with a reasonable service charge per resident. hii mambo kuuzia watu nyumba then you continue being their manager mimi apana taka Its very greedy of them. If they sell all the units, they should leave the affairs to the new owners The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Aguytrying wrote:omhangla wrote:popat wrote:I've been there and I can assure you no one would travel that far to pay even 10k rent.So brother better do something better with your money.am even surprised there is a service charge of 22k to crown it all.Lakini wakenya we are too gullible. me believes after a developer develops houses and sells all of them, they should hand everything to the buyers who will sit down put in place a management committee, calculate the expenses required to maintain the estate then come with a reasonable service charge per resident. hii mambo kuuzia watu nyumba then you continue being their manager mimi apana taka Its very greedy of them. If they sell all the units, they should leave the affairs to the new owners But the developer owns the land and has the title deed and has only given you a sublease. In essence you are his tenant.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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[/quote]
But the developer owns the land and has the title deed and has only given you a sublease. In essence you are his tenant.[/quote] I haven't heard of this arrangement before.In this case then,the developer should leave and come back after the 99 year lease lapses..Are land rent and rates applicable for that lease?
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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its2013 wrote:popat wrote:I've been there and I can assure you no one would travel that far to pay even 10k rent.So brother better do something better with your money.am even surprised there is a service charge of 22k to crown it all.Lakini wakenya we are too gullible. You are wrong regarding rents in the area. There are 2 bedroom apartments rental apartments at 15kpm and are always fully occupied - I've been making a point of checking every now and then when I am in that area. where is that ? in malaa ? on average even in ruai town that would be on the higher side, I have not gone past Joska of late, so maybe that's the case - but I really hope you are giving correct info.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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butterflyke wrote:Bykhovets wrote:UpcomingPaperChaser wrote:popat wrote:This business of service charge shud discourage any sober thinking Kenyan who plans to run away from tenancy. Otherwise I don't get the logic of buying a property you will continue paying some 22k per month for the rest lof your stay there. You better continue paying rent at an address of your preference in perpetuity. From a professional point of view, service charge is a must, though you should ensure that you are not exploited. Always vouch for a committee established by the residents. service charge should, however, be reasonable. Rent cant be 60k and service charge is 25k!! Explain to me why paying service charge for a house that you own is a must. Service charge is used to for maintaining common areas and facilities. If you live in a block of apartments and engage security and garbage collection companies collectively, then service charge goes to pay for these, whether you are living there as a tenant or owner. The big problem in Nairobi is that management companies sometimes take advantage of this and also that residents are sometimes not committed to meeting and discussing such issues so that service charge rates can be reasonable. Having said that, I think that Casa Mia service charge fee is very suspect unless it was a typo and it was supposed to be 2,200. 22K is for high-end areas like Riverside & Upperhill which commonly have high-end tenants for serviced apartments requiring higher levels of security facilities, servicing of lifts, etc. must have been a typo, you might also have a typo in your statement, this area should be around 220, 2,200 is for middle class areas like nyayo estate. But in honesty I like the house designs, but I thought in that area for now they would have been better of doing big houses on say half an acre and sell them as retirement villas - land in that area is still dirt cheap and building materials (sand and stones) are just found around the corner. Lakini they might be knowing something we do not, the guys selling the units are not new in this biashara, the wilson airport rumor might be true.
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Rank: Elder Joined: 7/22/2009 Posts: 7,855
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hardwood wrote:Aguytrying wrote:omhangla wrote:popat wrote:I've been there and I can assure you no one would travel that far to pay even 10k rent.So brother better do something better with your money.am even surprised there is a service charge of 22k to crown it all.Lakini wakenya we are too gullible. me believes after a developer develops houses and sells all of them, they should hand everything to the buyers who will sit down put in place a management committee, calculate the expenses required to maintain the estate then come with a reasonable service charge per resident. hii mambo kuuzia watu nyumba then you continue being their manager mimi apana taka Its very greedy of them. If they sell all the units, they should leave the affairs to the new owners But the developer owns the land and has the title deed and has only given you a sublease. In essence you are his tenant. Woi!!! If you bought an apartment and the developer still owns the land, you were just shafted!!! The developer should form a company which owns the land and if there are 40 units for example, the company should have 40 shares. For each house you buy, you get one share in the company. That way, the home owners collectively own the land. When you sell your house, you should sell it together with your share!! Hii ingine yote ni wizi na slavery of the highest order!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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