Controlled tenancy : a curse or blessing to property investment in Kenya
Kowuor, Collins
Controlled tenancy in Kenya has been referred in several terminologies though with same understanding amongst the populace and housing professionals. Some refer to is as protected tenancies, statutory tenancies, rent controlled tenancies and regulated tenancies, However for purposes of this paper, the author shall use one terminology for consistency, that is controlled tenancy and controlled tenants. Controlled tenancy in Kenya covers two kinds of property uses, residential and commercial. There are two different statutes for these different uses, The Rent Restriction Act for residential users and The Landlord and Tenant (Shops, Hotels and Catering Establishments) Act The Rent Restriction Act applies to dwelling houses with monthly rents of Kenya Shillings Two Thousand Five Hundred (equivalent to approximately thirty US dollars at current exchange rate) and below. The statute restricts increase of rent, right to possession, execution of premiums and provides for fixing of standard rents.
Event: FIG Working Week 2012 : Territory, environment, and cultural heritage
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