Kenpipe Gardens-Rent to Own-3 & 4 bedroom maisonettes for sale-in Kitengela

More about this property

Looking to buy a Rent to Own property? Look no further, Call,SMS/Whatsapp: 0722218039. Kenpipe Gardens Kitengela now offers  a  manageable rent to own plan payable within a maximum of 20 years. You pay upfront deposit, all mandatory closing costs and immediately occupy your preferred 3 or 4 bedroom standalone maisonette in this secure gated community.

The more initial deposit you pay, the lesser interest rate you are charged  via the reducing balance method.

A tenant purchase scheme is an option for a property investor to acquire property by making installment payments over an extended duration of time, while getting to enjoy occupation of the property as soon as the initial deposit is paid.

Tenant purchase scheme is an alternative payment method for property acquisition whereby the home buyer makes a down payment and is able to access the facility before fully paying for it within an extended period of time.

Tenant purchase scheme widens the scope of home ownership by making the payment process flexible, easier and accommodates more prospective home buyers.

The cost of borrowing under tenant purchase scheme is lower than a mortgage and is on a reducing balance.

RENT TO OWN PLAN FOR A 3 BEDROOM MAISONETTE:

• Total Purchase Price (3 Bed Unit) 10,500,000.00
• Deposit 10% – 1,050,000.00
• 10% deposit is the minimum acceptable Bal. on TPS – 9,450,000.00 Interest Rate 12% No. Months (Max) 240 Maximum of 240 months
• Monthly Repayment KES 104,052.64
• The Buyer is free to make increased repayments.
• Registration Cost & Certificate of Lease KES 1,000.00 Management Co. Set Up & Purchase of 1 Share KES 2,000.00 Reversionary Interest Purchase Costs KES 1,000.00 Service Charge Security Deposit (3 Months) KES 21,000.00 Advance Service Charge (3 Months) KES 21,000.00 Legal Fees KES 116,000.00 Inclusive of VAT
• TPS Insurance* KES 37,800.00
• Mandatory requirement subject to balance outstanding (annually and reduces as installments are paid)
• Stamp Duty 4%
• Current Statutory requirement payable on completion of purchase. Government will from time to time review this charge.
• Total Initial Payment 1,353,852.64 *To be advised by insurance broker.

RENT TO OWN PLAN FOR A 4 BEDROOM MAISONETTE:

• Total Purchase Price 11,250,000.00
• Deposit 10%- 1,125,000.00 10% deposit is the minimum acceptable Bal. on TPS – 10,125,000.00 Interest Rate 12% No. Months (Max) 240 Maximum of 240 months
• Monthly Repayment KES 111,484.97
• The Buyer is free to make increased repayments. Registration Cost & Certificate of Lease KES 1,000.00 Management Co. Set Up & Purchase of 1 Share KES 2,000.00 Reversionary Interest Purchase Costs KES 1,000.00 Service Charge Security Deposit (3 Months) KES 21,000.00 Advance Service Charge (3 Months) KES 21,000.00 Legal Fees KES 116,000.00 Inclusive of VAT
• TPS Insurance* KES 40,500.00
• Mandatory requirement subject to balance outstanding (annually and reduces as installments are paid)
• Stamp Duty 4%
• Current Statutory requirement payable on completion of purchase. Government will from time to time review this charge.
• Total Initial Payment 1,438,984.97 *To be advised by insurance broker

https://g.co/kgs/JVhJnYK

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