March 2021

I have taken a keen interest in acquisition and dissemination of financial education. It is rather obvious that the biggest handicap to most people achieving financial freedom is lack of financial education. We have people all over who are keen to invest and start business but the truth of the matter is that 90% of the business started fail within the 1st 5 yrs of operation. More often than not, we are...

Believe it or not, one of the most important indicators of whether you can become a millionaire is how you think. Yes, a large part of financial success begins with your mind. What are your thoughts about money and wealth? Do you think like the wealthy? Millionaires are not afraid to take risks. Many of us fear change and would rather settle on the easy path - the path of least resistance. This...

Note: We will get practical in this journey to financial education. For now we are just dealing with basic but very important concepts. We’ll also be relating to the Kenyan scenario(s) so as not to sound theoretical. Just to caution readers that I have a bias to real estate and most of the topics will revolve around it in future. However, other important topics like financial planning, chamas, Life...

A deed is a signed agreement especially about the ownership of property or legal rights. A Title deed is a legal document providing somebody’s right to property and subsequently ownership. Then what is a deed plan? This is a signed plan by the Director of Surveys showing the precise particulars of a surveyed piece of land. It shows the details as in the shape of the plot, the distances and bearings...

On this particular Saturday morning sometimes in 2008, my partner Paul and I met one of our brokers who showed us a very nice piece of land in Ruiru off the Eastern bypass. It was approximately 2km from the junction of Thika Road and Eastern bypass towards Ruai, third row from the tarmac. The site was wonderful but we have since learnt not to be so excited by the aesthetics of a shamba. The shamba was up...

Paul and I met this broker who was introduced to us by a friend in Rongai. This was on a cold Thursday morning sometimes in August 2010. The guy went ahead and showed us a very nice 2 acre piece of land around Rimpa, some place between Rongai and Kiserian. It had an old building and was on sale. We felt the price quoteed by the owner was quite low. However, the story went that the owner was liquidating a...

I signed that agreement and I never really understood most of the clauses therein. This is a common issue with most land purchasers. Did you know in the unlikely event of failure to complete a land purchase transaction and in the event of failure to resolve amicably any issues that may arise, the recourse the purchaser or the seller have will be based on the content of the agreement. Let us try and...

Continued……….. “The sale is subject to the Law Society Conditions of Sale (1989 Edition) in so far as they are not inconsistent with the conditions in this agreement.” The LSK Conditions of sale (1989 Edition) are boiler plate set of conditions to aid in drafting of agreements and guide the sales and conveyancing process. They outline how critical matters are to be dealt with...

We shall base the info herein on a subdivision of a freehold title. Before you subdivide any land, you must get the consent to do so from the Land Control Board. Ideally the consent is issued upon the proprietor appearing before the Board. Notice that all land transactions are controlled. However, we all know that in Kenya, we may not necessarily appear before the board, but we can get what they call...

If you look at a title deed, you’ll notice that the approximate area of the plot/land is normally in hectares. 1Ha = 2.47105381 Acres = 10,000 Square Meters 1cre = 0.404685Ha 1 Meter = 3.2808399 feet Having understood the above, what is a 50 * 100? This is usually in feet. If you look at a plot that is 50*100 (exact measurements), then the same would translate to...