Baoriat Real Estate Limited

  By The Standard The method of homeownership has divided opinion among industry experts over the year, but it is more pronounced now following the devastation of Covid-19 on incomes. Various restrictions put in place since last year to contain the pandemic have led to companies laying off some employees or requiring them to work from home on reduced pay. Working from home has also brought the issue of space to the fore as people get locked in with their families. “Most of the people who do not make a lot of money will definitely be looking for affordable housing,” says Beatrice Wacuka, a research analyst at Superior Homes Kenya. “That is why you see some of those residential areas around the city now deserted as people look for cheaper options. A lot of people are looking for options, and housing is now an issue most discussed.” She says as the markets are in stress, people who can afford to buy some of the properties on offer should go for them.  “Of course in the end the

i Succession is the passage of property from one person or entity to another after death. When someone who owns property dies, he/she usually leaves behind a will on who it will be transferred to, but in the event there is no will what happens to the ownership of that property? This is where succession comes in. Succession is generally a technical thing to handle and it can be complicated where there was no will beforehand. Succession is a legal process handled purely by the court. Once the succession process is completed, land subdivision can be initiated, if the property is owned by multiple people/entities, after which everyone can get their respective title deeds.   Under the Law of Succession, property/land of the deceased (if husband) can be inherited by wife/wives, children or deceased parents. In the event, the deceased was married and with children, the surviving spouse is entitled – this entitlement, however, ends when the spouse remarries. If the deceased is no