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"id": 960758,
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"type": "speech",
"speaker_name": "Suba South, ODM",
"speaker_title": "Hon. John Mbadi",
"speaker": {
"id": 110,
"legal_name": "John Mbadi Ng'ong'o",
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"content": "Many of us reside in this kind of setup where there is a building which is divided into various residential units and again besides the building, there are common services. We have shops, swimming pools and many others that are shared jointly. When this Bill becomes law, it will provide clear mechanism on how to own a unit within a building and also go a step further to regulate how the common services can be managed by forming a corporation, which will manage and run the services that are jointly owned. When the lease period ends for one who owns a unit, then the Bill vests reversionary interest in which case the legal title to the property will revert back to the freeholder on individual unit owners and guarantees rights of property owners by conferring absolute rights to them."
}