Commercial property landlords in the country have an upper hand over their tenants, as most leases are skewed in their favour and further helped by opaque transactions. Analysis of research published by South Africa’s Broll Property Group, which has a regional office in Kenya, shows that the real estate segment is tightly gripped by landlords and high transaction costs are involved. Landlords have the most say on the leases while tenants seemingly have few options for redress, indicating the market is relatively under-supplied. Besides, transparency is low owing to secrecy of transactions. “...
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