Managing all Sectional Titles
In the dynamic world of real estate, the concept of sectional property ownership stands out for its ability to delineate ownership in multi-unit complexes, such as apartment buildings or commercial structures.
A Management Agreement in the context of sectional properties is a legally binding document executed between the corporation (often a body corporate formed by unit owners) and a manager (an individual or company responsible for managing the property).
In the realm of real estate and property development in Kenya, the concept of exclusive-use areas represents a significant aspect of communal living, offering individual property owners certain privileges over shared spaces.
In Kenya, sectional property ownership, where individuals hold exclusive rights to specific units within a larger complex while sharing common areas, has become a focal point of urban development.
In Kenya, the concept of sectional property ownership is governed by the Sectional Properties Act of 2020 (the Act), which repealed the Sectional Properties Act of 1987.
With the enactment of the Sectional Properties Act of 2020, Kenya (the “SPA”) updated its legal framework to better address the ownership and management of sectional properties, aligning with the constitutional and legal reforms in the land sector.
The Sectional Properties Act No.21 of 2020 (the “Sectional Properties Act”) as read with the Sectional Properties Regulations, 2021 (the “Sectional Regulations”) provides for the division of buildings to units and issuance of sectional titles to purchasers who buy units/apartments from developers.
In the realm of sectional title properties, service charges represent a crucial aspect of maintaining and managing shared spaces and amenities. These charges are levied upon unit owners to cover the costs associated with upkeep, repairs, and various services provided within the development.
Sectional titles are ownership documentations in respect of the separate ownership of units within a development comprising town houses or apartment building.