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{
    "id": 960802,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/960802/?format=api",
    "text_counter": 354,
    "type": "speech",
    "speaker_name": "Subukia, JP",
    "speaker_title": "Hon. Kinuthia Gachobe",
    "speaker": {
        "id": 13485,
        "legal_name": "Samuel Kinuthia Gachobe",
        "slug": "samuel-kinuthia-gachobe-2"
    },
    "content": " Thank you Hon. Temporary Deputy Speaker for giving me this opportunity to add my voice on the Sectional Properties Bill, 2019. This Bill has been long overdue since it seeks to bridge the gap that has existed for long whereas most of the unit owners did not have titles. It made them not access loans. If they would like to access loans, the only thing they would have was a paper; a mere paper onto which is an agreement which one cannot tell whether it is valid or not. Therefore, they could not use that as collateral or for security purposes. Therefore, this Bill will solve most of the problems most Kenyans have been going through. It will stop property developers from misusing owners by misusing the mother title to secure loans without the knowledge of the unit owners and when they default the unit owners get into problems. Their property may be sold or auctioned without their knowledge thereby creating disturbances. When it comes to selling, you find that they still have problems because they cannot sell because some of the buyers would like to access loans and these people do not even have titles. Therefore, they cannot use these titles to secure loans. It becomes very difficult for The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}