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{
    "id": 960805,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/960805/?format=api",
    "text_counter": 357,
    "type": "speech",
    "speaker_name": "Nominated, FORD-K",
    "speaker_title": "Hon. (Ms.) Nasri Ibrahim",
    "speaker": {
        "id": 13173,
        "legal_name": "Nasri Sahal Ibrahim",
        "slug": "nasri-sahal-ibrahim"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for giving me an opportunity to contribute to this important Bill. It intends to modernise ownership of sectional properties in Kenya, recognising the increased demand for affordable housing, mixed use and master plan communities as well as efficient mortgage transactions. Among other things, the Bill creates an enabling environment for investors and property owners by guaranteeing rights of property owners by conferring absolute rights to them. It provides a mechanism to the closure of the mother title or head lease. This vests absolute right on the individual unit owner as they can then deal in the property in such manner as they wish as opposed to being at the mercy of developers, hence revenue collection since each unit will be assessed separately for purposes of payment of ground rent and rates, assigning personal liability on unit owners for direct payment of both ground rent and rates of the government and the county governments respectively. Having your own separate title gives you an easy time when you want to use it in transactions like for security or in sale. A lease or sub-lease ties you down, because when you want to transact you must always obtain consent of the leaser and the management company. Recently, I bought an apartment and I had issues with the sub-title and the share certificate. With those remarks, I support. 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."
}