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{
    "id": 960800,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/960800/?format=api",
    "text_counter": 352,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "(Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "other variant management companies that run and operate these companies as if they are personal assets, at the exclusion of everybody else. The only things you receive are continuous and endless demands for service charge and other levies to pay some common services. Therefore, we need to make it dynamic so that there is a right to call for an annual general meeting or a special general meeting at any given time. That is so that we are able to run these corporations in line with the international best practices. Another matter that seems to have escaped the mind of the drafters is how to treat the question of land rates and ground rent which are common or arise as a result of the ownership of the principal or mother Act. That is an area that will require further clarification and clearly separated and put in this Bill. That is so that it becomes very clear to everybody concerned. In the event we have developed on a lease hold title, again, it is not very clear who has the right of reversionary interest. Those are areas that we must clearly indicate. On a serious note, the issue of Sectional Properties Bill is going to cure the very many challenges that have bedeviled this industry. It is going to hasten property acquisition, property transactions, to an extent that the delays we have seen will not be a common occurrence. I know a number of people who are not so versed in the industry and even some of us who are versed in the industry have come across rogue developers who sell air with the pretext that they will develop within a certain period of time and get your titles and properties completed on time. I urge the buyers, potential buyers and potential home owners in this country, please, check on the integrity and the ability of the developer to deliver before you put pen on that dotted line. That is because I have heard very many cries of people who have lost money or people whose expected delivery of the property has not been achieved. With these few remarks, I beg to support the Bill but, we will make necessary amendments at the most opportune time. That is to make it more workable, neater and align it to international best practices. Thank you, Hon. Temporary Deputy Speaker."
}