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What are the differences between freehold and leasehold land ownership in Kenya?
I am planning to invest in property in Mombasa. I have come across terms freehold and leasehold. What are the differences between freehold and leasehold land ownership in Kenya?
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Comments:
Maurice
said:
When a land is owned in freehold, it means that the owner can sell or transfer ownership without restrictions. Leasehold ownership is a limited type of ownership. Rights to use the land are granted on specified period of time, usually 99 or 999 years after which it is returned to the original land owner or landlord.
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Raphael Mutua
said:
In freehold land ownership, the landowner holds absolute ownership of land for life. Freehold ownership grants the owner the greatest interest one can have on land.
On the other hand, leasehold grants a person ownership of land for specified period. Once this period elapses, the ownership of the land reverts back to the grantor.
The duration for leasehold titles in Kenya is a maximum term of 999 years for agricultural land and 99 years for urban plots.
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Winfred muia
said:
Under freehold land ownership,the owner has a full undisputed and unrestricted right over the property and does not require anyone's permission or authorization to modify and it lasts for an indefinite period of time. In a Leasehold,the lessee does not have unrestricted and absolute rights over the property and needs to take permission and refer to the rights in the agreement to make any alternations.The duration in leasehold is not uncertain,usually 99 or 999 years after which it is returned to the original owner.
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