As the property market grows, more Kenyans are buying and investing in houses and apartments. Those who have purchased property as an investment are quick to rent it out in the hope that the rental income will offset a mortgage.
The Landlord and Tenant Bill, 2007, applies to all residential and business premises, and is designed to protect tenants from unlawful rent increases and evictions. However, it only applies to residential premises which have a rent less than Sh15,000 per month and thus excludes the majority of upmarket properties. Rent disputes may be heard by the Rent Restriction Tribunal, under the Distress for Rent Act (cap 293) but the cost of bringing cases to tribunals discourages its use.
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Published in Nairobi Business Monthly, September 2012