Relief for Tenants

Relief for Tenants

Why It Is Not Good Time to Be a Landlord in Kenya

Earlier this year, tenants of an apartment block in Ruaka, Kiambu County, were pleasantly surprised when their landlord slashed their monthly rent by Sh5,000.

Property manager Bekam Properties Ltd gave its clients residing in the deluxe apartments a reprieve by lowering the payment for their two-bedroom houses from Sh35,000 to Sh30,000, effective February 1.

Their notice read, “ … in consideration of the prevailing economic situation in Kenya, the landlord has decided to lower your monthly rent from Sh35,000 to Sh30,000 with effect from February 1, 2020.”

In Dagoretti late last year it was relief for some tenants when their landlord reduced their monthly rent, by 2000.

The property’s manager, identified as Simon Ngugi, asked occupants of Muhu Building on Naivasha Road in Dagoreti North to pay Sh8000 less in rent for their stalls beginning November 1, 2019.

Check out our GBS TV blog post for more trending news.

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