short term lease agreement in kenya Archives - Bellmac Consulting LLP https://bellmacconsulting.com/product-tag/short-term-lease-agreement-in-kenya/ Fri, 02 May 2025 08:45:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://bellmacconsulting.com/wp-content/uploads/2022/06/cropped-favicon-32x32.png short term lease agreement in kenya Archives - Bellmac Consulting LLP https://bellmacconsulting.com/product-tag/short-term-lease-agreement-in-kenya/ 32 32 Tenancy Purchase Agreement for a residential property between individuals https://bellmacconsulting.com/product/tenancy-purchase-agreement-for-a-residential-property-between-individuals/ Thu, 17 Oct 2024 13:56:12 +0000 https://bellmac.barizicommunications.com/?post_type=product&p=10898 This precedent is intended to act as a guide in drafting a Tenancy Purchase Agreement between a Landlord who wants to sell their tenancy premises to their tenant, and the tenant herein becomes the tenant purchaser. It may be modified or amended as need may be.
A Tenancy Purchase Agreement for a residential property is a legally binding document between two individuals, where one party (the tenant) agrees to rent the property from the other party (the landlord) with an option to purchase the property later.

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]]> This agreement outlines the terms and conditions of both the tenancy and the eventual sale. It typically includes the rental period, monthly rent, the portion of rent applied to the purchase price, the purchase price, the time frame in which the option to purchase may be exercised, and any other conditions or contingencies that must be met before the sale can be finalized.
The agreement also specifies the responsibilities of each party, such as maintenance, repairs, and insurance. It’s crucial for both parties to clearly understand their rights and obligations under this agreement to avoid future disputes. The tenant benefits from the ability to lock in a purchase price and test out the property before committing to the purchase, while the landlord can secure a potential sale and earn rental income in the interim. It’s advisable for both parties to seek legal counsel before entering into such an agreement to ensure their interests are adequately protected.

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]]> Commercial Lease (Short Term) Between Two Individuals – Pro Lessor https://bellmacconsulting.com/product/commercial-lease-short-term-between-two-individuals-pro-lessor/ Thu, 17 Oct 2024 13:54:03 +0000 https://bellmac.barizicommunications.com/?post_type=product&p=10877 This is a commercial lease agreement (short term, that is of a period of less than or equal to 2 years) and is expected to be executed between two individuals. A commercial lease agreement is a document used to rent any kind of commercial property (such as an office, store, or warehouse) that will be used to do business
This document can be used a short-term agreement between two individuals. It is tuned to the Land Act of 2012 which has it that any lease agreement which is fixed for two years or below is a short-term lease.

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]]> Some of the key elements that are addressed in this commercial lease agreement include; the name and the details of the parties that are subject to the lease agreement, the details (title number and other pertinent information) of the premise subject to the lease agreement, the date of entering the lease agreement, the rent and deposit to be paid upon the execution of the lease, the payment details of the sum of money payable in the lease, the law governing the lease the provisos of the lease agreement, the lessor’s covenant, the lessee’s covenant, the dispute resolution process of settling any dispute which arises from the lease, and certificates of attestation of execution of the lease agreement.
This is a lease agreement under the Kenyan land law regime and it provides a good guide on what a lease agreement for commercial purposes should look like. Additionally, it has explanatory notes on what to do when you are acting for the Lessor subject to the agreement. The Lease is drafted in a manner that it protects the interests of the Lessor.
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