President Uhuru Kenyatta today chaired a cabinet meeting and the Somali dispute could not miss out on this. The Cabinet also discussed and approved the Sectional Properties Bill 2018. The Bill simplifies the process of registering sectional properties and creates an enabling environment for investors and property owners. The Sectional Properties Bill 2018, which vests reversionary interest on individual unit owners, also guarantees rights of property owners by conferring absolute rights to them.
The proposed law will enhance revenue collection since each unit will be assessed separately for purposes of payment of ground rent and rates. The Bill also provides for the closure of the mother title or head lease to prevent mischief by property developers. The formulation of the Sectional Properties Bill 2018 is informed by the fact that the current law is not responsive to emerging market needs such as the growing demand for affordable housing,
