President Uhuru Kenyatta signs into law the Sectional Properties and Statute Law (Miscellaneous Amendments) Bills.
Karoki William
MANAGING PARTNER- WKA ADVOCATES | ESG COMPLIANCE | REAL ESTATE | TECH & IP | CORPORATE
1. WHAT HAS HAPPENED?
· On 11 December 2020, President Uhuru Kenyatta signed into law the Sectional Properties and Statute Law (Miscellaneous Amendments) Bills.
· The new Sectional Properties Act, 2019 (the New Sectional Properties Act) provides for the division of buildings into units to be owned by individual proprietors amongst other elaborate provisions. It repeals the Sectional Properties Act of 1987.
· The Statute Law (Miscellaneous Amendments) Act, 2020 (the Bus) amends twenty-one (21) statutes among them the Interpretation and General Provisions Act, Records Disposal Act, Penal Code, Public Holidays Act, and Firearms Act;
· Other laws amended by the Bus are the Official Secrets Act, Kenya Roads Board Act, Statistics Act, Employment Act, Accountants Act, Judicial Service Act, Kenya National Commission on Human Rights Act, Employment and Labour Relations Court Act, Ethics and Anti-Corruption Commission Act, and National Police Service Commission Act; and
· Also amended are the Public Appointments (Parliamentary Approval) Act, Universities Act, Kenya Law Reform Commission Act, Investment and Financial Analysts Act, Witness Protection Act and Kenya Coast Guard Act.
2. WHAT IS THE EFFECT OF THE AMENDMENTS AND THE NEW LAW
· We shall provide a write-up of the New Sectional Properties and the Bus, indicating what amendment has been made, cause and effect and analysis of the same.
The contents of this article are intended to provide a general guide to the subject matter. It should not be relied upon without legal advice on its contents. Should you require further information or assistance on compliance, please feel free to reach out to us at PROW & COMPANY ADVOCATES. ([email protected][email protected]/[email protected] )
The Author is an Attorney practising law in Kenya as a Partner, at PROW & Company Advocates, with a bias in Regulatory Compliance, Corporate Commercial Law, Energy and Dispute Resolution. The author strives to communicate in Plain English.
Time in Nairobi 5:51 am.
This will usher a great wave of investment in the sector. Very progressive ????